On January 1, 2021, the company, involved in trading activities, paid 120,000 rent in advance for a 12-month period. On December 31, 2021, after journalizing and posting the company's adjustment for expired rent but before any closing entries, a 120,000 account balance would be shown for the companys

Group of answer choices;

Prepaid Rent Expense

Rent Expense

Accrued Rent Income

Accrued Rent Expense