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Question 10 Homework Unanswered Bubba's Medical center had paid for 1 year of rent on January ist which resulted in an asset called "prepaid rent". They paid $12,000 in total for this prepaid rent. On May 31st they did their adjusting entries. Which of the below statements is correct regarding this situation? Select an answer and submit. For keyboard navigation, use the up/down arrow kays to select an answer. a After the adjusting entries, the balance of prepaid rent will be $12,000 b After the adjusting entries, the balance of prepaid rent will be $11,000 C After the adjusting entries, the balance of prepaid rent will be $7.000 d After the adjusting entries, the balance of prepald rent will be $8,000 Submit Unanswered. 2 attempts left