The Mercury Company Rents Out a Portion of Its Office

question 100

Multiple Choice

The Mercury Company rents out a portion of its office space to another company.At the beginning of 2016 the balance in the Unearned Rent Revenue account was $3,400.During 2016,Mercury recognized $16,600 of rent revenue.If the ending balance of Unearned Rent Revenue is $2,600,how much cash was received from the tenant for rent during 2016?

• A)$14,000
• B)$16,600
• C)$17,400
• D)$15,800

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