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Daisy Dangayo will rent a warehouse from 3 Realty from May 1, 2017 to Apr. 30, 2019. On Apr. 1, 2017, Daisy Dangayo paid P360,000.
Daisy Dangayo will rent a warehouse from 3 Realty from May 1, 2017 to Apr. 30, 2019. On Apr. 1, 2017, Daisy Dangayo paid P360,000. It included a cleaning fee of P10,000, two months' rent, and a rental deposit amounting to three months' rent. What should be the related rental expense recorded on the income statement for the year ended Mar. 31, 2018
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