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XYZ Co received cash of $9,000 on 1/9 2020 for Six months rent in advance and recorded the transaction with a credit to Unearned Rent
XYZ Co received cash of $9,000 on 1/9 2020 for Six months rent in advance and recorded the transaction with a credit to Unearned Rent Revenue.The 31/12/ 2020 adjusting entry is Select one: a. debit Cash and credit Unearned Rent revenue $3,000 O b. debit Unearned Rent Revenue and credit Rent Revenue, $6,000 O C. debit Rent Revenue and credit Unearned Rent Revenue, $3,000 d. debit Rent Revenue and credit Unearned Rent Revenue, $6,000
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