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What total amount of cash was received from rental in year

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Reference no: EM132762789

Under accrual basis, Ethel Company reported rental income for the year 2020 at P1,200,000. The company provided the following additional information regarding rental income:

Unearned rental income, January 1 P100,000

Unearned rental income-December 31 150,000

Accrued rental income, January 1 60,000

Accrued rental income, December 31 80,000

Problem 1: What total amount of cash was received from rental in the year 2020?

a. 1,170,000

b. 1,230,000

c. 1,310,000

d. 1,250,000

Reference no: EM132762789

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