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Lawrence Manufacturing Company's accounting records included the following analysis of transactions related to the collection of $24,000 in rent revenue received on July 15 for

Lawrence Manufacturing Company's accounting records included the following analysis of transactions related to the collection of $24,000 in rent revenue received on July 15 for the period August 1 through January 30: image Jones prepares financial statements annually on December 31. The December 31 adjustment will Question 12 options: decrease Cash and increase Rent Revenue by $4,000. decrease Accounts Receivable Unearned Revenue by $4,000. increase Accounts Receivable and increase Rent Revenue by $20,000. decrease Unearned Revenue and increase Rent Revenue by $20,000

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