Rem real estate received a check for $27,000 on july 1 which represents a 6 monthadvance payment of rent on a building it rents to a client. unearned rent revenue wascredited for the full $27,000. financial statements will be prepared on july 31. rem realestate should make the following adjusting entry on july 31: a. debit unearned rent revenue, $4,500; credit rent revenue, $4,500.b. debit rent revenue, $4,500; credit unearned rent revenue, $4,500.c. debit unearned rent revenue, $27,000; credit rent revenue, $24,000.d. debit cash, $27,000; credit rent revenue, $27,000.

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31