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What is the total of the rental income account

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Reference no: EM13516728

A business receives a rental income of $2000 in cash on June 30th. On December 31st, there is another $1500 of rental income due, which is not yet received. What is the total of the Rental income account on December 31st if your company uses the following basis of accounting:

Cash basis of accounting

Accrual basis of accounting

Reference no: EM13516728

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