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On January 1 of the current year, Belle Company paid $1, 800 in rent to cover six months (January-June). Belle recorded this transaction as follows:

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On January 1 of the current year, Belle Company paid $1, 800 in rent to cover six months (January-June). Belle recorded this transaction as follows: Belle adjusts the accounts at the end of each month. Based on these facts, the adjusting entry at the end of January should include A. a credit to Prepaid Rent for $300. B. a credit to Prepaid Rent for $1, 500. C. a debit to Prepaid Rent for $300. D. a debit to Prepaid Rent for $1, 500

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