On February 1, a comany paid $4,700 in advance for 12 months of rent, with the rental period beginning on February 1. This $4,700 amount was correctly recorded as Prepaid Rent Expense on February 1. Which one of the following will be included in the December 31 adjusting entry?

A CREDIT to Prepaid Rent Expense for $4,308.

A DEBIT to Prepaid Rent Expense for $4,308.

A CREDIT to Rent Expense for $4,308.

A DEBIT to Rent Expense for $392.