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Calculate the total amount of rent collected

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Question - The comparative balance sheets of Titan Company for the years ended December 31, 2014 and 2015, reported the following amounts:

Balance Sheet:

Liabilities: Unearned Rent Revenue, 2014: 11,000, 2015: 10,500

2015 Income Statement Reported:

Rent Revenue, 2014: 12,000

Calculate the total amount of rent collected during 2015.

Reference no: EM132027513

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