The details below refer to rent receivable for the year ended 31 March 2020: on 1 April 2019, rent due from the tenants was $700; on 1 April 2019, rent paid in advance by the tenants was $1200; rent collected during the year was $7800; and on 31 March 2020, rent due from the tenants was $1000. What amount of rental income is recorded in the income statement for the year ended 31 March 2020?
- A$6300
- B$7300
- C$8300
- D$9300