14. In November, 20x0, your company sublets space for $500 and receive advance rent of $1.500 for three months November December und January--that is credited to Rent Revenue. Before the 200 books are dosed, you discover that at year-end, 20X0, no adjusting entry was made to Rent Revenue. To correct this omission IL Rent Revenue should be dehited for 3500, b. Rent Fevenue should be debited for $1,000 c. Rent Revenue should be debited for $1.500 d. Rent Received in Advance should be credited for $1,000 15. In early November, 20X), your company makes a $4.500 advance pay- ment for six months' insurance and debits Prepaid Insurance for the entire amount. Before the books are closed for the year, you discover that no adjusting entry has been made. To correct this error, you will... a. debit Insurance Expense for $3,000 b. credit Insurance Expense for $8.000 c. debit Insurance Expense for $1,500 d. debit Prepaid Insurance for $1,500