completion Status: expenses QUESTION 4 Pappy Corporation received cash of $36,000 on September 1, 2017 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2017 adjusting entry is O Debit Rent Revenue and credit Unearned Rent Revenue, $12,000 Debit Rent Revenue and credit Unearned Rent Revenue, $24,000 Debit Unearned Rent Revenue and credit Rent Revenue, $12,000 O Debit Cash and credit Unearned Rent Revenue, $24,000 QUESTION 5 Tate Company purchased equipment on November 1, 2017 and gave a 3-month 9% note with a face value of $80,000. The December 31, 2017 adjusting entry is Debit Interest Expense and Credit Interest Payable, $7,200 Debit Interest Expense and Credit Interest Payable, $1,800 O Debit Interest Expense and Credit Cash, $1,200 Debit Interest Expense and Credit Interest Payable, $1,200