Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service.

A) Prepaid Rent, debit; Rent Revenue, credit
B) Cash, debit; Unearned Rent, credit
C) Cash, debit; Prepaid Rent, credit
D) Cash, debit; Rent Expense credit

Prepaid Rent

The amount paid for rent before it is due, recorded as an asset on the balance sheet and expensed over the period the payment covers.

Rent Revenue

The income earned from leasing out properties or assets to tenants under rental agreements.

Unearned Rent

Payment received for rent before the rental period has occurred, classified as a liability until earned.