The Mendez Company rents out a portion of its office space to another company. At the beginning of 2013 the balance in the Unearned Rent Revenue account was $2,400. During 2013, Mendez recognized $13,600 of rent revenue. If the ending balance of Unearned Rent Revenue is $1,400, how much cash was received from the tenant for rent during 2013?
A)$12,600
B)$13,600
C)$14,600
D)$15,000

Question

Quizplus · Accepted Answer

$1,400 ending balance + $13,600 rent revenue recognized - $2,400 beginning balance = $12,600 rent received

The Mendez Company Rents Out a Portion of Its Office