Current Attempt in Progress

Concord Real Estate received a check for $$28260$ on July $1$ which represents a $6$ month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $$28260.$ Financial statements will be prepared on July $31.$ Concord Real Estate should make the following adjusting entry on July $31$ :

Debit Unearned Rent Revenue, $$4710$; Credit Rent Revenue, $$4710.$

Debit Unearned Rent Revenue, $$28260$; Credit Rent Revenue, $$25120.$

Debit Rent Revenue, $$4710$; Credit Unearned Rent Revenue, $$4710.$

Debit Cash, $$28260$; Credit Rent Revenue, $$28260.$