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Start Company received a check for $12,000 on July 1, which represents a 6-month advance payment of rent on a building it rents to a

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Start Company received a check for $12,000 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 $12,000. Financial statements will be prepared on July 31. Star should make the following adjusting entry on July 31 debit Unearned Rent Revenue, $3,000; credit Rent Revenue, $3,000. debit Unearned Rent Revenue, $18,000; credit Rent Revenue, $18,000. debit Unearned Rent Revenue, $2,000; credit Rent Revenue, $2,000. debit Rent Revenue, $3,000; credit Unearned Rent Revenue, $3,000. debit Cash, $18,000; credit Rent Revenue, $18,000

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