pry On Octobert Goodwell Company rented warehouse space to a tenant for $3,200 per month. The tena with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. TH December 31 Assuming adjustments are only made at year-end, the adjusting entry needed on Decen Multiple Choice Debit Rent Receivable, $16,000; credit Rent Earned, $16,000. Debit Unearned Rent, $16,000; credit Rent Earned, $16,000. Debit Unearned Rent, $9,600; credit Rent Earned, $9,600. Debit Unearned Rent. $6000 pace to a tenant for $3,200 per month. The tenant paid five months rent in advance on that date was credited to the Unearned Rent account. The company's annual accounting period ends on Jear-end, the adjusting entry needed on December 31 is: ed, $16,000. $16,000. Multiple Choice Debit Rent Receivable, $16,000; credit Rent Earned, $16,000. Debit Uneared Rent, $16,000; credit Rent Earned, $16,000. Debit Unearned Rent $9,600; credit Rent Earned, $9,600. Debit Unearned Rent, $6,400; credit Rent Earned, $6,400. Debit Rent Receivable, $9,500credit Rent Earned, $9,600