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What is the unearned rent as of December

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Question - On July 1, 2020, G Company leased a machinery from M Company. Total rent for one is payable as follows: July 1, 2020 - October 31, 2020, P40,000 per month; November 01 to February 28, 2021, P30,000 per month and March 01, 2021 to June 30, 2021, P20,000 per month, All payments were made at the beginning of the month. On the part of M Company, what is the unearned rent as of December 31, 2020?

Reference no: EM133061935

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