On July 1 the Concord Gallery paid $3300 to Fairy Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on August 31, the adjusting entry to be made by the Concord is

a. debit Prepaid Rent, $1650; credit Rent Expense, $1650.

b. debit Rent Expense, $1650; credit Prepaid Rent, $1650.

c. debit Rent Expense, $2475; credit Prepaid Rent, $825.

d. debit Rent Expense, $825; credit Prepaid Rent, $2475.