What is the correct rent income for the year

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Question - Jessica Jose owns an apartment that he leases to different tenants. The contract of lease specifies that tenants will pay in advance. Dina Maganda started leasing the apartment last December 16, 2019 for the amount of PHP30,000 per month. Jessica Jose recorded the transaction last December as debit to Cash 30,000 and credit Deferred Rent Income 30,000. What is the correct rent income for the year 2019?

Reference no: EM133160448

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