StAugustine Properties Collected Advance Rentals of $360,000 from Its Customers

question 81

Multiple Choice

St.Augustine Properties collected advance rentals of $360,000 from its customers during the year.The balance in the unearned rent revenue account increased from $15,000 on January 1 to $35,000 on December 31.Rents earned during the year totaled ________.

• A)$375,000
• B)$380,000
• C)$340,000
• D)$395,000

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Definitions:

Zygotes

The initial cell formed when a new organism is produced by the fusion of an egg and sperm cell, marking the start of development.

Somatic Cells

Any cell of the body except sperm and egg cells, which are involved in the formation of an organism's tissues and organs.

Chromosomal Abnormalities

Genetic disorders caused by changes in the number or structure of chromosomes, leading to physical or mental developmental issues.

Conception

The process of fertilization where an egg and sperm combine to form a zygote, marking the beginning of pregnancy.