$29 fab + ml?launchid-4c8b96b1-b6ba-4521-946a-103 View Policies Current Attempt in Progress On July 1 the Sunland Gallery paid $5100 to Fairy Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the amount. If financial statements are prepared on August 31, the adjusting entry to be made by the Sunland is O debit Prepaid Rent, $2550; credit Rent Expense, $2550. O debit Rent Expense. $2550; credit Prepaid Rent. $2550. O debit Rent Expense, $1275: credit Prepaid Rent, $3825. debit Rent Expense, $3825; credit Prepaid Rent. $1275. Later