lex 1 pts Question 30 Fox Co. rented to Owl Co. a portion of its offices for 4 years at an annual rental of $84,000, beginning on May 1. The tenant paid one year's rent in advance which Fox recorded as a credit to unearned rental income. Fox reports on a calendar-year basis. The adjusting journal entry on December 31 of the first year should be O DR: Unearned rental income 56,000 CR: Rental income 56,000 O DR: Rental income 56,000 CR: Unearned rental income 56.000 O No entry O DR: Unearned rental income 84.000 CR: Rental income 84.000