Question 10 (1 point) Question 19) The followings are selected transactions for SALL Ltd for the fiscal year ended December 31, 2019. November 1: SALL paid three months' rent in advance to SANE Ltd covering the period from November 1, 2019 to January 31, 2020: $24,000. December 20: $28,000 of service was provided to ZACK Ltd on account, but SALL has not yet billed ZACK and as a result no record has been made in SALL's books. December 31: The gas bill for the month of December was received on January 16: $1,650. Assume that SANE Ltd also has a December 31 fiscal year-end. The adjusting entry required in the books of SANE on December 31 for the transaction on November 1 would include: a. a credit to deferred revenue for $24,000. O b. a credit to prepaid revenue for $16,000. c. a debit to deferred revenue for $16,000. d. a credit to rent expense for $16,000. O e. a credit to rent revenue for $8,000