Hayley’s financial year ends on 30 September 2020. She gave the following details. On 1 October 2019: accrued rent receivable $\$480$. 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 $\$6560$