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WA rentals collets rent from its properties in Perth and other regional areas. At the end of the fiscal year before adjusting entries the rent
WA rentals collets rent from its properties in Perth and other regional areas. At the end of the fiscal year before adjusting entries the rent revenue account has a cr.balance of $100,000. During the year $125,000 has been received from its tenants. Two adjustments are made at the end of the financial year. 1. An accrual for accrued rent income of $16,000 and (2) the unearned rent account is decreased by $4000. Based on the following inforygiven the amount of rent revenue to be shown in the income statement is a.$104,000 b. $ 120,000. C. $ 125,000 d. $145,000
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