Business, 03.09.2019 22:10 shannaslaughter28

Pappy corporation received cash of $36,000 on september 1,2017 for one year's rent in advance and recorded the transaction with a credit to unearned rent december 31, 2017 adjusting entry is
debit rent revenue and credit unearned rent revenue, $12,000.
debit rent revenue and credit unearned rent revenue, $24,000.
debit unearned rent revenue and credit rent revenue, $12,000.
debit cash and credit unearned rent revenue, $24,000

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Pappy corporation received cash of $36,000 on september 1,2017 for one year's rent in advance and re...