The ledger account below was recorded in a trader’s books. Rent receivable account shows: 31 December 2020 balance c/d $600 1 January 2020 balance b/d $400 31 December bank $3600 What entry was recorded in the income statement for the year ended 31 December 2020 for rent receivable?
- A$3400 credit
- B$3400 debit
- C$3800 credit
- D$3800 debit