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Naomi, the accountant for Xile Pte. Ltd. recorded rent revenue transaction as follows: DR Cash...

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Naomi, the accountant for Xile Pte. Ltd. recorded rent revenue transaction as follows: DR Cash at bank CR Rent revenue $25,000 $25,000 The above rent revenue is collected for 5 months for the period starting from 1 July 2020. If the company's year-end is 30 September 2020, which of the following is the best adjusting entry to be passed on 30 September 2020? 1) DR Accrued revenue CR Rent revenue $15,000 $15,000 2) DR Rent revenue CR Accrued revenue $15,000 $15,000 3) DR Rent revenue $10,000 CR Unearned revenue $10,000 4) DR Unearned revenue CR Rent revenue $10,000 $10,000 101

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