On January 1St, XYZ Inc. decided to pay rent of $12,000 for the next 12 months. Which of the following journal entries should XYZ record? Debit Rent Expense for $12,000/ Credit Cash for $12,000 o Debit Rent Expense for $12,000 / Credit Prepaid Rent for $12,000 Debit Prepaid Rent for $12,000/Credit Rent Expense for $12,000 Debit Prepaid Rent for $12,000/Credit Cash for $12,000 On January 315t, XYZ Inc. must record which of the following Adjusting Journal Entries Debit Rent Expense for $12,000/Credit Prepaid Rent for $12,000 Debit Rent Expense for $1,000/ Credit Prepaid Rent for $1,000 Debit Prepaid Rent for $12,000/ Credit Rent Expense for $12,00 Debit Prepaid Rent for $1,000/ Credit Rent Expense for $1,000 On March 1st, Refrigerators R Us Inc. bought a truck for $20,000. It is estimated to depreciate $100 per month. On March 31st Refrigerators R Us must record which of the following Adjusting Journal Entries? Debit Depreciation Expense for $100/ Credit Truck for $100 Debit Depreciation Expense for $100/Credit Accumulated Depreciation for $100 O Debit Accumulated Depreciation for $100 / Credit Depreciation Expense for $100 Debit Depreciation Expense for $20,000/Credit Accumulated Depreciation for $20,000