11) The balances in deferred (unearned) revenue accounts represent amounts that are

	Earned	Collected
I.	Yes	No
II.	Yes	Yes
III.	No	No
IV.	No	Yes

I

II

IV

III

12) Rental receipts for the period July 1, 2015, through June 30, 2016, were collected on June 30, 2015. The effects of these economic events on the 2015 financial statements for unearned revenue and rent revenue are

	Unearned Revenue	Rent Revenue
I.	Increase	Increase
II.	Increase	Decrease
III.	Decrease	No effect
IV.	Decrease	Increase

III

I

IV

II