On June $1,2016,$ Oma Schulze Corporation received $$7,200$ as advance payment for $12$ months' advertising. The receipt was recorded as a credit to Unearned Fees.

What adjusting entry is required on December $31,2016?$

Question $27$ options:

A$)$

Unearned Fees

$3,000$

Advertising Revenue

$3,000$

B$)$

Unearned Fees

$3,600$

Advertising Revenue

$3,600$

C$)$

Unearned Fees

$4,200$

Advertising Revenue

$4,200$

D$)$

Advertising Revenue

$4,200$

Unearned Fees

$4,200$