5. On July 1, 20x5, a company received $12,000 for the rent of a company received $12,000 for the rent of land for 12 months (July 20x5 ough June 20x6), all of which is recorded as unearned rent. Assuming no other entries elated to the rent were made during the year journalize the adjusting entry required at fiscal year-end December 31, 20x5. (4.85 Points) Debit Credit Date Account/Description Illustrate how the above entry will affect the accounting equation (both amount and direction): Liabilities Owner's Equity Assets