cash received bully Chapter 3 10. Early in the accounting period, Sam Smith paid $6,000 for services in advance of receiving them. Cash was debited and Unearned Service Fees was credited for $6.000. At the end of the accounting period, two-thirds of the services paid for had yet to be performed. The proper adjusting entry is: 11. Leona Harper received $10,000 from a tenant on December 1 for five months' rent of an office. This rent was for December, January February March, and April. If Leona debited Cash and credited Unearned Rental Income for $10,000 on December 1, what necessary adjustment would be made on December 317 A) Uneamed Rental Income 2,000 Rental Income 2,000 8,000 B) Rental Income 8,000 Unearned Rental Income C) Unearned Rental income 8,000 8.000 Rental Income D) Rental Income Unearned Rental Income 2,000 2,000 12. Hyundai Company signed a two-year lease on July 1, 2016, and paid the $34,800 total rent in advance. Hyun recorded the transaction as a debit to Prepaid Rent and a credit to Cash What adjusting entry should Hyundai make on December 31, 2016 (no previous adjustment has been made)