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Metlock Inc received a check for $21600 on July 1 which represents a...

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Accounting

Metlock Inc received a check for $21600 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 $21600. Financial statements will be prepared on July 31 Metlock should make the following adjusting entry on July 31 :
debit Cash, $21600; credit Rent Revenue, $21600.
debit Unearned Rent Revenue, $21600; credit Rent Revenue, $21600.
debit Unearned Rent Revenue, $3600; credit Rent Revenue, $3600.
debit Rent Revenue, $3600; credit Uneamed Rent Revenue, $3600.
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