A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was: Until 30 June 20X3 $8,400 per year From 1 July 20X3 $12,000 per year Rent was paid quarterly in advance on 1 January, April, July, and October each year. What amounts should appear in the company's financial statements for the year ended 30 November 20X3?
A.
Rent receivable $9,900 Statement of financial position $2,000 in sundry payables
B.
Rent receivable $9,900 Statement of financial position $1,000 in sundry payables
C.
Rent receivable $10,200 Statement of financial position $1,000 in sundry payables
D.
Rent receivable $9,900 Statement of financial position $2,000 in sundry payables