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Hannah Hidalgo Corp., a manufacturing concern, also has a subsidiary which specializes in the rental...

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Question

Accounting

Hannah Hidalgo Corp., a manufacturing concern, also has a subsidiary which specializes in the rental of the heavy equipment. Some customers prepay their rentals and other customers are billed periodically for rent owed.
A
The following are account balances of the year 2023:
Rent Receivable
Unearned Rent Revenue
Cash inflows for rentals during the year
REQUIRED: What is the rental revenue for the year?
A
The following are account balances of the year 2022:
Rent Receivable
Unearned Rent Revenue
Rental Revenue for rentals during the year
REQUIRED: What is the Cash inflow from rentals for the year?
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