The Unearned Rent account had a balance of $18,000 at the beginning of the period and a balance of $36,000 at the end of the period. If the rent earned during the period was $5,000, what was the amount of cash received toward advance rent?

a. $13,000
b. $5,000
c. $49,000
d. $23,000

Answer: d. $23,000

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Indicate whether the statement is true or false

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