Current Attempt in Progress

Metlock, Inc. received a check for $$16200$ on July $1,$ which represents a $6-$month advance payment of rent on a building it rents to a

client. Unearned Rent Revenue was credited for the full $$16200.$ Financial statements will be prepared on July $31.$ Metlock should

make the following adjusting entry on July $31$

debit Unearned Rent Revenue, $$2700$; credit Rent Revenue, $$2700.$

debit Rent Revenue, $$2700$; credit Unearned Rent Revenue, $$2700.$

debit Cash, $$16200$; credit Rent Revenue, $$16200.$

debit Unearned Rent Revenue, $$16200$; credit Rent Revenue, $$16200.$