McCloud Realty Company Ltd received a cheque for $21,000 on 1 juty, which represents six months' rent received in advance. Revenue received in advance account was credited with 521,000. Financial statements will be prepared on 31 July. McCloud Realty Company Ltd should make the following adjusting entry on 31 July Select one: O a Debit Cash, $21,000, Credit Rental revenue, $21,000 6. Debit Revenue received in advance, 521.000; Credit Rental revenue, $21,000 O Debit Revenue received in advance, 53,500, Credit Rental revenue, $3,500 od Debit Rental revenue, 53,500. Credit Revenue received in advance, 53,500 Ot Debt Rental revenue $17.500, Credit Rental received in advance 517,500 Clear my choice