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PART (iii) Alex Ltd owns several rental properties. The company's financial year runs from 1 January to 31 December. The following information relating to rental

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PART (iii) Alex Ltd owns several rental properties. The company's financial year runs from 1 January to 31 December. The following information relating to rental income is available for the year ended 31 December 2015. At 1 January 2015 Rental income of 32,400 had been received in advance and rental income of 1,500 was due but not yet received On 27 March 2015 Received 31,400 in rental income On 28 June 2015 Received 29,200 in rental income On 24 September 2015 Received 30,100 in rental income At 31 December 2015 Rental income of 2,900 had been received in advance and rental income of 2,100 was due but not yet paid. Requirement Prepare the rental income account for the year ended 31 December 2015

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