Murphy company sublet a portion of its warehouse for five years at an annual rental of $24,000, beginning on may 1, 2010. the tenant, sheri charter, paid one year's rent in advance, which murphy recorded as a credit to unearned rental revenue. murphy reports on a calendar-year basis. the adjustment on december 31, 2010 for murphy should bea. no entryb. unearned rent revenue 8,000rent revenue 8,000c. rent revenue 8,000unearned rent revenue 8,000d. unearned rent revenue 16,000

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005