and four months' rent paid on December 1. The adjusting entry required on December 31 is debit Prepaid Rent, $8,000; credit Rent Ob. debit Prepaid Rent, $24,000; credit Rent Expense, $8,000 Oc. debit Rent Expense, $24,000; credit Prepaid Rent, $8,000 Od. debit Rent Expense, $8,000; credit Prepaid Rent, $8,000