On December 1,Phone Center Received $4,800 for Two Years' Rent

Multiple Choice

On December 1,Phone Center received $4,800 for two years' rent in advance from Garrison Company.The December 31 adjusting entry that Phone Center should make is to:

A) debit Rental Income; credit Unearned Rent $2,400.
B) debit Cash; credit Rental Income $2,400.
C) debit Unearned Rent; credit Rental Income $200.
D) debit Unearned Rent; credit Rent Expense $200.