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Cayden Inc received cash of $24,000 on August 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Unearned

Cayden Inc received cash of $24,000 on August 1, 2020 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2020 adjusting entry is

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debit Rent Revenue and credit Unearned Rent Revenue, $8,000.

debit Unearned Rent Revenue and credit Rent Revenue, $10,000.

debit Cash and credit Unearned Rent Revenue, $16,000.

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