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Martyrs Dorms Corp (MDC) charges 8,000 for a 4 month residency, which starts on January 15 and ends on May 15. Residents pay the full

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Martyrs Dorms Corp ("MDC") charges 8,000 for a 4 month residency, which starts on January 15 and ends on May 15. Residents pay the full 8,000 on January 14, before moving in. The journal entry for MDC on January 14 includes: a credit to unearned revenue of 8,000 b a credit to revenues of 8,000 C a debit to prepaid dorm expense of 8,000 d a credit to cash of 8,000

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