A company receives rent for subletting part of its office block.Rent, receivable quarterly in advance, is received as follows:Date of receipt Period covered $1 October 20X1 3 months to31 December 20X1 7,50030 December 20X13 months to31 March 20X2 7,5004 April 20X2 3 months to30 June 20X2 9,0001 July 20X2 3 months to30 September 20X2 9,000 1 October 20X2 3 months to31 December 20X2 9,000What figures, based on these receipts, should appear in the company's financial statements for the year ended 30 November 20X2?
A.
Statement of profit or loss Statement of financial position $34,000 Debit Rent in arrears (Dr) $3,000
B.
Statement of profit or loss Statement of financial position $34,500 Credit Rent received in advance (Cr) $6,000
C.
Statement of profit or loss Statement of financial position $34,000 Credit Rent received in advance (Cr) $3,000
D.
Statement of profit or loss Statement of financial position $34,000 Credit Rent in arrears (Dr) $3,000