Metlock, Inc. received a check for $16200 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $16200. Financial statements will be prepared on July 31. Metlock's should make the following adjusting entry on July 31:

debit Rent Revenue, $2700; credit Unearned Rent Revenue, $2700.

debit Unearned Rent Revenue, $2700; credit Rent Revenue, $2700.

debit Unearned Rent Revenue, $16200; credit Rent Revenue, $16200.

debit Cash, $16200; credit Rent Revenue, $16200.

A company receives $380, of which $31 is for sales tax. The journal entry to record the sale would include a

debit to Sales Taxes Payable for $31.

debit to Sales Revenue for $380.

debit to Cash for $380.

debit to Sales Taxes Expense for $31.

The entry to record a sale of $2700 with terms of 2/7, n/30 will include a

credit to Accounts Receivable for $2700.

credit to Sales Revenue for $2700.

debit to Sales Discounts for $54.

debit to Sales Revenue for $2646.