During 2020, JamJam Company received P8,000,000 from tenants. The balance sheet contained the  following data:                                              2019                2020 Rentals receivable         P 960,000       P1,240,000 Unearned rentals           3,200,000          2,400,000 What amount of rental revenue should be reported for 2020?

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During 2020, JamJam Company received P8,000,000 from tenants. The balance sheet contained the 
following data:
                                             2019                2020
Rentals receivable         P 960,000       P1,240,000
Unearned rentals           3,200,000          2,400,000
What amount of rental revenue should be reported for 2020?

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