-Refer to California Condos. On January 1, the balance of Unearned Rent Revenue was $0. The company collected cash from tenants of its apartment building totaling $600,000 during 2013. How much should be reported as unearned rent revenue as of December 31, 2013?

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-Refer to California Condos. On January 1, the balance of Unearned Rent Revenue was $0. The company collected cash from tenants of its apartment building totaling $600,000 during 2013. How much should be reported as unearned rent revenue as of December 31, 2013?