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How much is the amount of rental revenue

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Question - BB Inc. owns an office building and leases the offices under one-year rental agreement. Not all tenants make timely payments of their rent. BB Inc.'s statement of financial position contained the following data:

 

2019

2020

Rentals receivable

96,000

124,000

Unearned rentals

320,000

240,000

During 2020, BB Inc. received P800,000 cash from tenants. How much is the amount of Rental Revenue for 2020?

Reference no: EM132946892

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