Assume a company records adjusting entries monthly. On January 1, the company prepays rent for 12 months for a total of $24,000. During the adjusting process at month's end, what will the company record as an adjusting entry for rent? O Dr Rent Expense 2,000; Cr Rent Payable 2,000 O Dr Rent Expense 2,000; Cr Prepaid Rent 2,000 O Dr Prepaid Rent 24,000, Cr Cash 24,000 O Dr Prepaid Rent 2,000; Cr Rent Expense 2,000