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Mullins Real Estate received a check for A30,000 on July 1 which represents a 6 month advance payment of rent on a building it tents

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Mullins Real Estate received a check for A30,000 on July 1 which represents a 6 month advance payment of rent on a building it tents to a client. Unearned Rent Revenue was credited for the full 30,000. Financial statements will be prepared on July 31. Muilins Real Estate should make the following adjusting entry on July 31 Debit Unearned Rent Revenue, A5,000; Credit Rent Revenue, A5,000 Debit Rent Revenue, A5,000; Credit Uneared Rent Revenue, ACS 000 Debit Unearned Rent Revenue, A30,000, Credit Rent Revenue, C30,000 Debit Cash, Ac 30,000, Credit Rent Revenue, AC70,000

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