02 Question 3 All payments and receipts are made by cheque. The following information were extracted from Rachel runs a bookstore. She also owns 3 shop spaces which is rented out to earn rental income. the business' books for the year ended 31 July 2020. $ Rental income receivable as at 1 August 2019 10 300 7 500 Rental income receivable as at 31 July 2020 33 000 Rental income earned for the year ended 31 July 2020 Prepare all journal entries needed to record rental income for the year ended 31 July 2020. Journal