The hospitals 20x2 statement of operations reports rental


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

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: The hospitals 20x2 statement of operations reports rental
Reference No:- TGS0608537

Expected delivery within 24 Hours