View Policies Current Attempt in Progress Nash's Trading Company received a cheque for $21600 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Revenue was credited for the full $21600. Financial statements will be prepared on July 31. Nash's Trading. should make the following adjusting entry on July 31 O debit Cash, $21600; credit Rent Revenue, $21600. debit Unearned Revenue, $3600; credit Rent Revenue, $3600. O debit Rent Revenue, $3600; credit Unearned Revenue, $3600. O debit Unearned Revenue, $21600; credit Rent Revenue, $21600. Save for Later Attempts: 0 of 1 used Submit Answer

Nash's Trading Company received a cheque for $21600 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Revenue was credited for the full $21600. Financial statements will be prepared on July 31. Nash's Trading should make the following adjusting entry on July 31 debit Cash, $21600; credit Rent Revenue, $21600. debit Unearned Revenue, $3600; credit Rent Revenue, $3600 debit Rent Revenue, $3600; credit Unearned Revenue, $3600 debit Unearned Revenue, $21600; credit Rent Revenue. $21600