A Level Accounting (9706)•9706/13/O/N/20

Explanation
Accrual basis rent income requires cash received and full prepaid details
Steps:
- Identify opening balances: receivables 800 (liability, unearned revenue).
- Note closing receivable: 300 indicates accrual).
- Recognize opening prepaid $800 becomes earned this year (assuming it relates to the period).
- Calculate income: cash received (unknown) + closing receivables - opening receivables + opening prepaid - closing prepaid (unknown).
Not enough information.
Final answer: Not enough information.
Topic: Preparation of financial statements
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