Assume you are accountant working for a small private company. Your manager asked you to make an adjusting entry as the balance on the company's Prepaid Rent account was $8,000 instead of 57,500 What entry will you make? Select one a no journal entry required O b. debit Prepaid Rent 5500 credit Rent Expense 5500 O debit Prepaid Rent 57 500, credit Rent Expense 57,500 od debit Rent Expense 5500. credit Prepaid Rent 5500