Garcia corporation received cash of $18,000 on august 1, 2010 for one year's rent in advance and recorded the transaction with a credit to rent revenue. the december 31, 2010 adjusting entry isa. debit rent revenue and credit unearned rent, $7,500.b. debit rent revenue and credit unearned rent, $10,500.c. debit unearned rent and credit rent revenue, $7,500.d. debit cash and credit unearned rent, $10,500.

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. from a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources? c corporation s corporation llc general partnership