Ricardo Ram pays to rent car parking spaces outside his office. On occasions, he is...
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Accounting
Ricardo Ram pays to rent car parking spaces outside his office. On occasions, he is able to sublet these. During the year to 30 April 2010, the following entries were recorded in his rental ledger account: - rent paid $5,853 by Ricardo; - an additional invoice received $150; for rental expense - month of May 2010 - cash of $822 received from subletting the parking spaces. What is the net balance for rent that should be included in Ricardo's Income statement at 30 April 2010? a. $5,031 b. $6,825 c. $4,181 d. $4,881
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