Bonita Real Estate received a check for $28440 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $28440. Financial statements will be prepared on July 31. Bonita Real Estate should make the following adjusting entry on July 31: O Debit Unearned Rent Revenue, $4740; Credit Rent Revenue, $4740. O Debit Rent Revenue, $4740; Credit Unearned Rent Revenue, $4740. O Debit Unearned Rent Revenue, $28440; Credit Rent Revenue, $28440. O Debit Cash, $28440; Credit Rent Revenue, $28440.

Bonita Real Estate received a check for $28440 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full \$28440. Financial statements will be prepared on July 31 . Bonita Real Estate should make the following adjusting entry on July 31 : Debit Unearned Rent Revenue, $4740 : Credit Rent Revenue, $4740. Debit Rent Revenue, $4740; Credit Unearned Rent Revenue, $4740. Debit Unearned Rent Revenue, $28440; Credit Rent Revenue, $28440. Debit Cash, \$28440; Credit Rent Revenue, \$28440