Mathias Enterprises acquired merchandise inventory for $12,000, paying one-fourth in cash and the remainder on open account. Which of the following is the journal entry necessary to record this transaction? On October 1, 20X9, The Weber Company paid $3, 600 for 6 months' rent in advance. The appropriate journal entry was made at the time using Prepaid Rent. No other journal entry has been made. As of December 31, 20X9, The Weber Company should debit Rent Expense and credit Prepaid Rent for $1, 200. debit Rent Expense and credit Prepaid Rent for $1, 800. debit Prepaid Rent and credit Rent Expense for $1, 800. debit Prepaid Rent and credit Rent Expense for $1, 200. No journal entry is necessary as of December 31, 20X9. The Perrine Company obtained a $20,000 note payable on August 1, 20X9, that is due in 5 years. Interest, at an annual rate of 12%, will be paid once a year on July 31. The accountant made the appropriate journal entry on August 1, 20x9. No other journal entry has been made. What journal entry is necessary as of December 31, 20X9? Debit Interest Expense and credit Notes Payable for $1,000 Debit Interest Expense and credit Notes Payable for $2, 400 Debit Interest Expense and credit Interest Payable for $1,000 Debit Interest Expense and credit Interest Payable for $2, 400