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Sunland Company sublet a portion of its warehouse for five years at an annual rental of $76500, beginning on May 1, 2020. The tenant, Ruth

image text in transcribed Sunland Company sublet a portion of its warehouse for five years at an annual rental of $76500, beginning on May 1, 2020. The tenant, Ruth Lewis, paid one year's rent in advance, which Sunland recorded as a credit to Unearned Rent Revenue. Sunland reports on a calendar-year basis. The adjustment on December 31, 2020 for Sunland should be No entry

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