Homework Answers
Cash Received for rent = Rent revenue + Rent Receivable 2018 -
Rent Receivable 2019 + Deferred Rent 2019 - Deferred Rent
2018
= $6700+990-850+820-1025 = $6635
Answer is B. $6635
Accrual Basis Rent Expense = Cash paid for rent + Rent Payable
2019 - Rent Payable 2018 + Prepaid Rent 2018 - Prepaid Rent
2019
= $4265+1770-700+2335-900 = $6770
Answer is D. $6770
Cash received for Dues = Dues Revenue + Dues Receivable 2018 -
Dues Receivable 2019 + Dues received in advance 2019 - Dues
received in advance 2018
= $8850+1800-2300+500-425 = $8425
Answer is B. $8425
Cash Received from sale of Investments = $5375-2000+1120+4500 = $8995
Answer is D. $8995
Accrual Basis interest revenue = $5675+225-400+150-550 = $5100
Answer is C. $5100
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