On July 1, Muscat Company paid OMR 12,000 for One Year Rent in advance. The adjusting entry that should be made by the company on December 31 is: Select one: a. Debit Rent Expense, 12,000; Credit Prepaid Rent, 12,000 b. Debit Prepaid Rent 6,000; Credit Rent Expense, 6,000 c. None of the answers are correct d. Debit Rent Expense, 12,000; Credit Prepaid Rent, 12,000. e Debit Rent Expense, 6,000; Credit Prepaid Rent, 6,000