Cheyenne Corp received a check for $15,840 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 $15,840 Financial statemens will be prepared on July 31 Cheyenne should make the following adjusting entry on July 31 A debit Unearnd Rent Revenue, $2640 credit Rent Revenue, $2640 B debit Cash, $15,840 credit Rent revenue, $15,840 C debit Rent Revenue, $2,640 credit unearned Rent Revenue, $2,640 D debit unearned Rent Revenu, $15,840 credit Rent Revenue, $15,840

Question

Cheyenne Corp  received a check for $15,840 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 $15,840  Financial statemens will be prepared on July 31  Cheyenne should make the following adjusting entry on July 31  A  debit Unearnd Rent Revenue, $2640  credit Rent Revenue, $2640 B  debit Cash, $15,840  credit Rent revenue, $15,840  C  debit Rent Revenue, $2,640  credit unearned Rent Revenue, $2,640 D  debit unearned Rent Revenu, $15,840  credit Rent Revenue, $15,840

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Cheyenne Corp. received a check for $15,840 on July 1, which represents a 6-month advance payment of rent on a building it rents to a

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