On May 1 of Year 1, the company paid $2,400 cash for rent. This $2,400 rental payment covers the period from May 1 of Year 1 to April 30 of Year 2. Which ONE of the following would be included in the journal entry necessary to record this cash payment for rent? O DEBIT to Cash for $2,400 DEBIT to Prepaid Rent for $2,400 CREDIT to Prepaid Rent for $2,400 O DEBIT to Retained Earnings for $2,400 DEBIT to Accounts Receivable for $2,400