ion 13 XYZ Co received cash of $12,000 on 1/6/ 2020 for one year's rent in advance and recorded the transaction with credit to unearned Rent revenue.The 31/12/2020 adjusting ently is t red d out of ng question Select one: a. debit Rent revenue and credit to unearned rent revenue, $7,000 b. debit unearned Rent revenue and credit to rent revenue, $5,000 C. debit rent revenue and credit Cash, $5,000. d. debit unearned Rent revenue and credit to rent revenue ,$7,000 n 14 Both revenues and gains increase net income and equity ed Select one: out of 0 True O False