on March 1, 20x1, the company paid $12,000 rent in advance for a 12-month period, On December 31, 20x1, the company's adjustment for expired rent would include: Multiple Choice a $10,000 debit to Rent Expense; a $10,000 credit to Prepaid Rent a $1,000 debit to Rent Expense; a $1,000 credit to Prepaid Rent a $10,000 debit to Prepaid Rent; a $10,000 credit to Rent Expense. a $1.000 debit to Prepaid Rent: a $1,000 credit to Rent Expense