How much cash was received from rentals during the year

Reference no: EM13283269

Hammond Inc. had a credit balance of $1,800 in the unearned rent account on January 1, 2011. At the end of 2011, the credit balance in that account was $1,400. Hammond's income statement reported rent revenue in the amount of $32,500 for the year. How much cash was received from rentals during the year?

Please explain your answer.

Reference no: EM13283269

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