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Pharoah Corporation received cash of $37200 on September 1.2025 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent

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Pharoah Corporation received cash of $37200 on September 1.2025 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent Revenue. The December 31, 2025 adjusting entry is debit Rent Revenue and credit Unearned Rent Revenue, \$24800. debit Cash and credit Unearned Rent Revenue, $24800. debit Rent Revenue and credit Unearned Rent Revenue, $12400. debit Unearned Rent Revenue and credit Rent Revenue, $12400

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