Concord Company received a cheque for $$22000$ on July $1$ which represents a $5$ month advance payment of rent on a building it rents to a client. Unearned Revenue was credited for the full

$$22000.$ Financial statements will be prepared on July $31.$ Concord should make the following adjusting entry on July $31$

debit Unearned Revenue, $$22000$; credit Rent Revenue, $$22000.$

debit Unearned Revenue, $$4400$; credit Rent Revenue, $$4400.$

debit Rent Revenue, $$4400$; credit Unearned Revenue, $$4400.$

debit Cash, $$22000$; credit Rent Revenue, $$22000.$