e adjusting journal entries for the year ended (date of) December 31 for w transaction list Journal entry worksheet The Prepaid Rent account had a $5,800 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,510 of prepaid rent had expired. Note: Enter debits before credits. Credit Transaction e General Journal Rent expense Prepaid rent Debit 1,290 1.29 M