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What was the amount of rent received in cash

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Reference no: EM132462426

Accounting Cycle Sum

Prepaid rent                7,400           8,200

Accrued rent receivable 6,300          6,200

Accrued rent payable    5,100          5,900

The hospital's 201:2 statement of operations reports rental income of $40,000 and rental expense of $60,000.

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Question (1) What was the amount of rent received in cash during 2032?

Question (2) What was the amount of rent paid in cash during 20X2?

Reference no: EM132462426

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