3. The balance in the Prepaid rent account before adjustment at the end of the year is $15 000, which represents three months' rent paid on May 1. The adjusting entry required on June 30 is: A Dr Rent expense $10 000 Cr Prepaid rent $10 000 B. Dr Rent expense $5000 Cr Prepaid rent $5000 c. Dr Prepaid rent S10 000 Cr Rent expense S10 000 D. Dr Prepaid rent S5000 Cr Rent expense S5000