B) Prepaid rent at 1/1/1X was $40,000. During 201x, rent payments of $115,000 were made and charged to rent expense. The 201X income statement shows as a general expense the item rent expense in the amount of $125,000. You are to prepare the missing adjusting entry that must have been made, assuming reversing entries are not made. Please indicate debit (DR) or credit (CR) to the left of the account title, and place a comma between the account title and the amount of the adjustment So we start with $40,000 (debit). Of the rent expense for the year $125,000, $115,000 came from payments. SO Debit Rent Expense $10.000 and Credit Prepaid Rent S10,000