Assume That a Landlord Collects $4,000 from a Tenant in December

Multiple Choice

Assume that a landlord collects $4,000 from a tenant in December for rent for an office in January. Under accrual accounting, the books at the end of December should reflect

A) A liability of $4,000 and a revenue of $4,000
B) Cash of $4,000 and a revenue of $4,000
C) Nothing at all
D) Cash of $4,000 and a liability of $4,000