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Somerset Leasing received S12.000 for 24 months rent in advance. How should Somerset record this transaction Prepaid Rem 12.000 Rent Expense 12.000 Cash 12.000 Unearned

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Somerset Leasing received S12.000 for 24 months rent in advance. How should Somerset record this transaction Prepaid Rem 12.000 Rent Expense 12.000 Cash 12.000 Unearned Revenue 12.000 Interest expense 12,000 Interest payable 12,000 Bad Debt Expense 12.000 allowance for uncollectible Accounts 12.000

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