LLane Received $12,000 from a Tenant on December 1 for Four

Multiple Choice

L.Lane received $12,000 from a tenant on December 1 for four months' rent of an office.This rent was for December,January,February,and March.If Lane debited Cash and credited Unearned Rental Income for $12,000 on December 1,what necessary adjustment would be made on December 31?

A) Unearned Rental Income .............3,000
Rental Income ....................3,000
B) Rental Income ......................3,000
Unearned Rental Income ...........3,000
C) Unearned Rental Income .............9,000
Rental Income ....................9,000
D) Rental Income ......................9,000
Unearned Rental Income ...........9,000