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Question 11 of 27 -12 View Policies Current Attempt in Progress Vaughn Manufacturing received a check for $18360 on July 1, which represents a 6-month

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Question 11 of 27 -12 View Policies Current Attempt in Progress Vaughn Manufacturing received a check for $18360 on July 1, which represents a 6-month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $18360. Financial statements will be prepared on July 31. Vaughn's should make the following adjusting entry on July 31: O debit Unearned Rent Revenue, $3060; credit Rent Revenue, $3060. O debit Unearned Rent Revenue, $18360, credit Rent Revenue, $18360. O debit Cash $18360; credit Rent Revenue, $18360. O debit Rent Revenue, $3060; credit Unearned Rent Revenue, $3060

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