A company owns a number of properties which are rented to tenants. The following information is available for the
year ended 30 June 2006:
                                                     Rent                     Rent
                                               in advance              in arrears
                                                        $                          $
30 June 2005                            134,600                  4,800
30 June 2006                            144,400                  8,700
Cash received from tenants in the year ended 30 June 2006 was $834,600.
All rent in arrears was subsequently received.
What figure should appear in the company’s income statement for rent receivable in the year ended 30 June
2006?
A   $840,500
B   $1,100,100
C   $569,100
D   $828,700

D