5 Unearned Revenue is a nominal account. Select one: True ion False XYZ Co received cash of $9,000 on 1/9 2020 for six months rent in advance and recorded the transaction with a credit to Unearned Rent Revenue.The 31/12/ 2020 adjusting entry is Select one: a. debit Rent Revenue and credit Unearned Rent Revenue, $6,000 b. debit Cash and credit Unearned Rent revenue ,$3,000 c. debit Rent Revenue and credit Unearned Rent Revenue, $3,000 d. debit Unearned Rent Revenue and credit Rent Revenue, $6,000 XYZ CO recorded journal entries for the cash payment of $30,000 of dividends, the $20,000 increase in accounts receivable for services provided, and the credit purchase of equipment for $42,000.What net effect do these entries have on Assets ? Select one: a. Increase of s32,000 b. Decrease of $88,000 C. Decrease of $152,000 d. Decrease of $46,000 If ending accounts receivable balance more than the beginning accounts receivable balance Select one: O a. Cash collections during the year are less than the amount of revenue recognized. b. Net income for the period is less than the amount of cash basis income c. No cash was collected during the period d. cash collections during the period more than the amount of revenue recognized HER Entry to record a receipt of rent revenue will include Select one: O a. Debit to Unearned Rent Revenue b. credit to Rent Revenue c. debit to Rent Revenue d. credit to Unearned Rent Revenue