Pappy Corporation received cash of $24,000 on September 1, 2014 for one years rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2014 adjusting entry is

A) debit Unearned Rent Revenue and credit Rent Revenue, $8,000 B) debit Rent Revenue and credit Unearned Rent Revenue, $8,000 C) debit Rent Revenue and credit Unearned Rent Revenue, $16,000 D) debit Cash and credit Unearned Rent Revenue, $16,000