The Duke Company rents out a portion of its office space to another company. At the beginning of the year, the balance in the Unearned Rent Revenue account was $1,200. During the year, Duke recognized $6,800 of Rent Revenue. If the ending balance of Unearned Rent Revenue is $700, how much cash was received from the tenant for rent during the year?
A) $7,300
B) $6,800
C) $6,300
D) $7,500
Correct Answer:
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