1.What was cash received for rent in 20X5? 2.What was rent expense in 20X5? 3.What was cash...
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2.What was rent expense in 20X5?
3.What was cash received for dues in 20X5?
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The Gastonia Athletic Club presented the following at the end of 20X5: Comparative Balance Sheets Cash Rent Receivable Dues Receivable Interest Receivable Prepaid Rent Supplies Prepaid General Expenses Investments Furniture and Fixtures December 31 20X5 $7,995 570 2,800 310 150 780 350 6,800 7,000 Accumulated Depreciation on Furniture and Fixtures Total $25,635 20X4 $ 6,490 230 2,500 520 250 260 510 8,000 3,600 (1,120) $21,610 (750) The Gastonia Athletic Club presented the following at the end of 20X5: Comparative Balance Sheets Cash Rent Receivable Dues Receivable Interest Receivable Prepaid Rent Supplies Prepaid General Expenses Investments Furniture and Fixtures December 31 20X5 $7,995 570 2,800 310 150 780 350 6,800 7,000 Accumulated Depreciation on Furniture and Fixtures Total $25,635 20X4 $ 6,490 230 2,500 520 250 260 510 8,000 3,600 (1,120) $21,610 (750)
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1 2 Rent revenue in 20X5 Less Increase in rent receivable 570 230 Less Decrease in ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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