The ledger account shown below was recorded in the records of a trader. Rent receivable account: 2020 Dec 31 balance c/d $600$ 2020 Jan 1 balance b/d $400$ 2020 Dec 31 bank $3\,600$ Which item was entered in the income statement for the year ended 31 December 2020 for rent receivable?
- A$3\,400$ credit
- B$3\,400$ debit
- C$3\,800$ credit
- D$3\,800$ debit