On January 1, Jack's company collected $5,250 for six months' rent in advance from a tenant renting space for $875 per month.At the end of the first month(January 31st), the company will record:

Select one:

a.Record $875 of revenue and record $875 of rent expense

b.Record $5,250 as unearned revenue and record the same amount as revenue

c.Record $5,250 as unearned rent revenue and reduce the revenue account by $5,250

d.Record $875 as revenue and reduce the same amount from unearned rent revenue

e.None of the answer choices is correct