Sheridan Companyreceived a check for $20160on July 1 which represents a6month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $20160. Financial statements will be prepared on July 31.Sheridan'sshould make the following adjusting entry on July 31:

debit Rent Revenue, $3360; credit Unearned Rent Revenue, $3360.

debit Unearned Rent Revenue, $3360; credit Rent Revenue, $3360.

debit Cash, $20160; credit Rent Revenue, $20160.

debit Unearned Rent Revenue, $20160; credit Rent Revenue, $20160.