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Sunland Real Estate received a check for $28980 on July 1 which represents a 6 month advance payment of rent on a building it rents

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Sunland Real Estate received a check for $28980 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 $28980. Financial statements will be prepared on July 31 Sunland Real Estate should make the following adjusting entry on July 31: Debit Cash. 528980: Credit Rent Revenue 28980 Debit Rent Revenue $4830. Credit Unearned Rent Revenue 54830 Debit Unearned Rent Revenue $28900 Credit Rent Revenue, $25760 Debit Unearned Rent Revenue $4830 Credit Rent Revenue, $4830

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