On July $1$ the Fisher Shoe Store paid $$24,000$ to Acme Realty for $6$ months rent beginning July $1.$ Prepaid Rent was increased for the full amount. If financial statements are prepared on July $31,$ the adjustment to be made by the Fisher Shoe Store is:

Group of answer choices

increase Rent Expense, $$4,000$; decrease Prepaid Rent, $$4,000.$

increase Rent Expense, $$24,000$; decrease Prepaid Rent, $$4,000.$

increase Prepaid Rent, $$4,000$; decrease Rent Expense, $$4,000.$

increase Rent Expense, $$24,000$; decrease Prepaid Rent, $$20,000.$