Hayley’s financial year finishes on 30 September 2020. The information below was given: - on 1 October 2019, rent receivable accrued: $480$ - for the year ended 30 September 2020, rent received: $6800$ - on 30 September 2020, rent received in advance: $720$ Which journal entry should be recorded on 30 September 2020?
- Adebit income statement $5600$; credit rent receivable $5600$
- Bdebit income statement $6560$; credit rent receivable $6560$
- Cdebit rent receivable $5600$; credit income statement $5600$
- Ddebit rent receivable $6560$; credit income statement $6560$