On January 1, Fey Properties Collected $7,200 for Six Months

Multiple Choice

On January 1, Fey Properties collected $7,200 for six months' rent in advance from a tenant renting an apartment. Fey Company prepares monthly financial statements.
Which of the following describes the required adjusting entry on January 31?

A) Debit Cash for $7,200 and Credit Rent revenue for $7,200
B) Debit Unearned rent revenue for $1,200 and Credit Rent revenue for $1,200
C) Debit Rent revenue for $1,200 and Credit Unearned rent revenue for $1,200
D) Debit Cash for $6,000 and Credit Unearned rent revenue for $6,000
E) Debit Unearned rent revenue for $6,000 and Credit Cash for $6,000