17. In the year to 31 December 2018 H had cash receipts in respect of rental income of K49,200. The amounts of rent received in advance and due in arrears were as follows: 31 Dec 2018 31 Dec 2017 K K Rent received in advance 2,400 2,600 Rent due in arrears 1,800 1,400 What figure for rental income should be recorded in the statement of profit or loss for the year ended 31 December 2018? 18. 19. Rent paid on 1 October 2012 for the year to 30 September 2013 was K12,000, and rent paid on 1 October 2013 for the year to 30 September 2014 was K16,000. What figure for rent expense should be shown in the statement of profit or loss for the year ended 31 December 2013? D K15,000 A business sublet part of its offices and in the year ended 30 November 2013 the rent receivable was: Until 30 June 2013 K8,400 per year From 1 July 2013 K12,000 per year Rent was paid quarterly in advance on 1 January, April, July, and October each year. What amounts should appear in the statement of profit or loss and the statement of financial position for the year ended 30 November 2013? 20 A business compiling its accounts for the year to 31 January each year pays rent quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. After remaining unchanged for some years, the rent was increased from K24,000 per year to K30,000 per year as from 1 July 2013. What figure is the rent expense which should appear in the statement of profit or loss for the year ended 31 January 2014