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What amount of rental revenues should suysan record

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SuySan Real Estate owns an office building and leases the office under a variety of rental agreements involving rent paid in advance monthly or annually. Not all tenants make timely payments of their rent. SuySan's balance sheets contained the following data:

                                                  2018                 2019

Rental Receivable                P192,000        P248,000

Unearned Rentals               640,000              480,000

Problem 1: During 2019, SuySan received P1,600,000 from tenants. What amount of rental revenues should SuySan record for 2019?

a. P1,816,000

b. P1,708,000

C. P1,440,000

d. P1,332,000

Reference no: EM132789578

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