On May 1 of Year 1, a company received $24,000 cash for rent in advance. This $24,000 rental receipt covers the period from May 1 of Year 1 to April 30 of Year 2.

Which debit or credit is correctly included in the journal entry necessary on May 1 to record this cash received for rent in advance?

1. Credit to unearned rent for $24,000

2. Credit to cash for $24,000

3. Debit to rent for $24,000

4. Debit to uneawrned rent for $24,000

please explain why. I am having trouble with credit and debits.