Company signed a one-year lease on April 1, 2017, and paid the $45,600 total years rent in advance. This company recorded the transaction as a debit to Prepaid Rent and a credit to Cash. What adjusting entry should this company make on December 31, 2017 (no previous adjustment has been made)?

Select one: a. Prepaid Rent 11.400 Rent Expense 11,400 b. Rent Expense 11,400 Prepaid Rent 11,400 c. Prepaid Rent 34,200 Rent Expense 34, d. Rent Expense 34,20 Prepaid Rent 34,200