Coronado Real Estate received a check for $28620 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 $28620. Financial statements will be prepared on July 31. Coronado Real Estate should make the following adjusting entry on July 31: Debit Unearned Rent Revenue, $4770; Credit Rent Revenue, $4770. Debit Unearned Rent Revenue, $28620; Credit Rent Revenue, $25440. Debit Rent Revenue, $4770; Credit Unearned Rent Revenue, $4770. Debit Cash, $28620; Credit Rent Revenue, $28620. Journalize the following transactions for Xiu Xiu Company for June 2015, the company's first month of operations. 1. Purchased equipment on account for $9,000. 2. Billed customers $5,000 for services performed. 3. Made payment of $2,300 on account for equipment purchased earlier in month. 4. Collected $2,900 on customer accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Debit Credit 2. 3. 4