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21. On July 1, 2006, Whiting Corporation received $4,104 in advance for a two-year rental...

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Accounting

21. On July 1, 2006, Whiting Corporation received $4,104 in advance for a two-year rental of some land, and credited Unearned Rent. In the adjusting entry at December 31, 2006, there would be a

a. debit to Unearned Rent for $1,026

b. credit to Unearned Rent for $1,197

c. credit to Rent Revenue for $1,197

d. debit to Unearned Rent for $2,907

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