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Jeju Property Bhd. has leased out its building to BB Bhd. under an operating lease for 5 years. The lease commenced on 1 January 2019

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Jeju Property Bhd. has leased out its building to BB Bhd. under an operating lease for 5 years. The lease commenced on 1 January 2019 when the value of the building was RM20 million. The financial year-end for JeJu Property Bhd. is 31 December every year. The annual lease rental is RM2 million. BB Bhd. uses the building as a warehouse for its inventory. Required: (b) Show the journal entries necessary to record the above information

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