What was the amount of rent paid in cash during 20x2

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Reference no: EM13269823

Goodhope Hospital provides you with the following information:

12/31/X2 12/31/X1

Deferred rental income $8,000 $7,500

Prepaid rent 7,400 8,200

Accrued rent receivable 6,300 6,200

Accrued rent payable 5,100 5,900

The hospital's 20X2 statement of operations reports rental income of $40,000 and rental expense of $60,000.

Required: (1) What was the amount of rent received in cash during 20X2? (2) What was the amount of rent paid in cash during 20X2

Reference no: EM13269823

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