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12. Leyland Realty Company received a check for $18,000 on July 1, which represents a 6-month advance payment of rent on a building it rents

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12. Leyland Realty Company received a check for $18,000 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client. Unearned Rent Revenu for the full 18,000. Financial statements will be prepared on July 31. Leyland realty should make e was credited the following adjusting entry on July 31 a. b. c. Debit Unearned Rent Revenue, $3,000; credit Rent Revenue, $3,000. Debit Rent Revenue, 3,000; credit Unearned Rent Revenue, $3,000. Debit Unearned Rent Revenue, $18,000; credit Rent Revenue, $18,000. Debit Cash, 18,000; credit Rent Revenue, $18,000. d. (3.5 points)

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