Question: Please Answer Both Questions, Thank You! Current Attempt in Progress Oriole Company received a check for $26880 on July 1 which represents a month advance

Current Attempt in Progress Oriole Company received a check for $26880 on July 1 which represents a month advance payment of rent on a building is rents to a dient. Unearned Rent Revenue was credited for the full $26880. Financial statements will be prepared on July 31. Orlole's should make the following adjusting entry on July 31: debit Unearned Rent Revenue, $4480 credit Rent Revenue, 54480 debit Rent Revere, 54480, credit Unearned Rent Revenue, $4480 debit Uncanned Rent Revenue 526880.credit Rent Revenue $26880 debit Cash.526880; credit Rent Revenue, 526830 eTextbook and Media Sovetoristes Attempts:O of used to 5 I W E R T Y S F G H K x C V B . Fone Ootion Current Attempt in Progress Ayayal Corp, purchased an 18-month insurance policy on May 31, 2022 for $ 7560. The December 31, 2022 balance sheet would report Prepaid Insurance of So because Prepaid Insurance is reported on the Income Statement 52940 $ 4620 $7560 eTextbook and Media Sovetor Later Attempts: 0 of 1 used somit Ameer E I E R T v S D F G K : 7 1 V B N M 36 ammare comme DOLG
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