Question - The comparative balance sheets of Titan Company for the years ended December 31, 2014 and 2015, reported the following amounts:
Balance Sheet:
Liabilities: Unearned Rent Revenue, 2014: 11,000, 2015: 10,500
2015 Income Statement Reported:
Rent Revenue, 2014: 12,000
Calculate the total amount of rent collected during 2015.