On September 1, 2017, Black Corporation Received $36,000 Cash from a Tenant

Multiple Choice

On September 1, 2017, Black Corporation received $36,000 cash from a tenant for one year's rent in advance, and recorded the transaction with a credit to Rent Revenue.The December 31, 2017 required adjusting entry in connection with this would be

A) debit Rent Revenue and credit Unearned Rent, $12,000.
B) debit Rent Revenue and credit Unearned Rent, $24,000.
C) debit Unearned Rent and credit Rent Revenue, $12,000.
D) debit Cash and credit Unearned Rent, $6,000.