Greg Owens owns a four-flat building. Last year, he recorded the following items: Rent received from tenants for the current year $92,000 Rent received from tenants for the prior year 12,000 Rent received from tenants for the next year

4,000 Security deposits received from tenants

16,000 Expenses paid

50,000 Rent due but uncollected for current year

10,000

His gross rental income, depending on whether he is on the cash or accrual basis, amounted to: Cash: $104,000; accrual: $106,000 Cash: $108,000; accrual: $106,000 Cash: $108,000; accrual: $108,000 Cash: $124,000; accrual: $92,000

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now