In November, 20X0, your company sublets space for $500 and receives advance rent of $1,500 for three months - November, December and January- that credited to Rent Revenue. Before the 20X0 books are closed, you discover that at year-end, 20X0, no adjusting entry was made to Rent Revenue. To correct this omission...

A) Rent Revenue should be debited for $500

B) Rent Revenue should be debited for $1,000

C) Rent Revenue should be debited for $1,500

D) Rent Received in Advanced should be credited for $1,000