On July 1 the Pharoah Company paid $29760 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:

a. increase Prepaid Rent, $4960; decrease Rent Expense, $4960.

b. increase Rent Expense, $29760; decrease Prepaid Rent, $4960.

c. increase Rent Expense, $29760; decrease Prepaid Rent, $24800.

d. increase Rent Expense, $4960; decrease Prepaid Rent, $4960

this paid for 6 months but this statement talks about only for month of July, so that will be 4960. so a?