On 1 January 2020, a tenant paid OMR 18000 in advance for rental to Dhofar LLC for the next six months.  At the end of April 2020, 4 month advanced rental amount has been expired. Record the expired rental income at the end of April 2020. Select one: a. Date Particulars Debit (OMR) Credit (OMR) April 30 Prepaid Rental Income Dr.        Rental Income Cr. 18000   18000 b. Date Particulars Debit (OMR) Credit (OMR) April 30 Cash  Dr.        Unearned Rental Income Cr. 18000   18000 c. Date Particulars Debit (OMR) Credit (OMR) April 30 Rental Income Receivable Dr.        Rental Income Cr. 12000   12000 d. Date Particulars Debit (OMR) Credit (OMR) April 30 Prepaid Rental Income Dr.        Rental Income Cr. 12000   12000 e. Date Particulars Debit (OMR) Credit (OMR) April 30 Rental Expenses Dr.        Prepaid Rent Cr. 12000   12000 f. Date Particulars Debit (OMR) Credit (OMR) April 30 Unearned Rental Income Dr.        Rental Income Cr. 12000   12000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On 1 January 2020, a tenant paid OMR 18000 in advance for rental to Dhofar LLC for the next six months.  At the end of April 2020, 4 month advanced rental amount has been expired. Record the expired rental income at the end of April 2020.

Select one:
a.
Date Particulars Debit (OMR) Credit (OMR)
April 30 Prepaid Rental Income Dr.
       Rental Income Cr.

18000

 

18000

b.
Date Particulars Debit (OMR) Credit (OMR)
April 30 Cash  Dr.
       Unearned Rental Income Cr.

18000

 

18000

c.
Date Particulars Debit (OMR) Credit (OMR)
April 30 Rental Income Receivable Dr.
       Rental Income Cr.

12000

 

12000

d.
Date Particulars Debit (OMR) Credit (OMR)
April 30 Prepaid Rental Income Dr.
       Rental Income Cr.

12000

 

12000

e.
Date Particulars Debit (OMR) Credit (OMR)
April 30 Rental Expenses Dr.
       Prepaid Rent Cr.

12000

 

12000

f.
Date Particulars Debit (OMR) Credit (OMR)
April 30 Unearned Rental Income Dr.
       Rental Income Cr.

12000

 

12000

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