If Company XYZ owns a store, and leases a portion of the store to Company 123 for 1 year at $1,000 a month, what T Accounts are affected on the Balance Sheet and Income Statement for Company XYZ (the lessor / Company XYZ)?

Here is my current guess, am I correct? If not, what should be changed?

Debit Leases/Accounts Receivable on the Balance Sheet by $12,000 for promised lease term.

Credit Rent Revenue by $12,000 on the Income Statement as soon as the Lease is signed.