Golden Valley Corporation is a cash basis taxpayer. The company currently rents a warehouse space on a 30-day lease. The company anticipates renting the warehouse for the next 18 months, but is under no obligation to do so. On December 15, 2019, the company prepays the first three months rent for 2020 for a total cost of $15,000. Prepare the journal entry for the December 15^th cash payment of $15,000.