aujusting entry to be made by the company is Odebit Rent Expense for $24,000 and credit Prepaid Rent for $24,000. O debit Rent Expense for $4,000 and credit Prepaid Rent for $4,000. debit Prepaid Rent for $4,000 and credit Cash for $4,000. debit Prepaid Rent for $4,000 and credit Rent Expense for $4,000. O debit Rent Expense for $20,000 and credit Prepaid Rent for $20,000.