A company with a calendar fiscal year receives a payment of $15,000 for three months of rent from a new customer to cover December in the current calendar fiscal year and January and February of the following fiscal year. Which of the following is true for the company at the end of the current calendar fiscal year?

Question 23 options:

	Deferred Rent Revenue has a credit balance of $10,000
	Rent Revenue has a debit balance of $5,000
	The year to date impact on the Balance Sheet will include a $10,000 increase in Equity
	The year to date impact on the Balance Sheet will include a $10,000 increase in Assets
	Rent Expense has a credit balance of $5,000