On July 1, Flint Company used $18,000 of its cash to pay its monthly rent. How would this transaction be recorded? Select answer from the options below Cash is decreased (credited), and Rent Expense is increased (debited). Cash is decreased (debited), and Rent Expense is increased (credited). Cash is increased (credited), and Rent Expense is decreased (debited). Cash is increased (debited), and Rent Expense is decreased (credited)