Financial Information: Best Sanji Ltd owns a rental property providing rent revenue for the business. On 1 April 2023, the opening balance of the rent revenue received in advance was $27,000. During the year, $369,000 cash was received from the tenant. At the end of the financial year, only $346,500 was recognised as rent revenue related to this financial year in the Income Statement. Statement: Therefore, the related journal entries for this financial year are: Dr Rent revenue received in advance - Liability $369,000 Cr Cash $369,000 Dr Rent revenue $346,500 Cr Rent revenue received in advance - Liability $346,500