on July 1, Mauney's Sports Store paid $14, 640 to Cullumber Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the ful1 amount. If financial statements are prepared on July 31, the adjust ing entry to be made by Mauney's Sports store is Debit Rent Expense, $3,660; Credit Prepaid Rent, $3, 660. Debit Prepaid Rent, $3,660: Credit Rent Expense, $3,660. Debit Rent Expense, $14,640: Credit Prepaid Rent, $3,660. Debit Rent Expense, $14,640: Credit Prepaid Rent, 914,640. C. 26 Jerry borrowed a $160,000 bank loan on July 1, 2018 at 5% annual interest rate for six-months ending Deceaber 31, 2018. The loan will be repaid on January 1, 2029 Please prepare the Journa Entries to record the July 1 loan, the acerued interest on Decenber 31 and the repayment on January 1. Date anation Dabit Credit