On November 1 , Shoes Inc. prepays rent for 6 months for a total of $36,000. What journal entry will Shoes Inc. make on November 1 to record this transaction? Dr Rent Expense 6,000; Cr Rent Payable 6,000 Dr Prepaid Rent 36,000; Cr Rent Revenue 36,000 Dr Prepaid Rent 36,000; Cr Rent Expense 36,000 Dr Prepaid Rent 36,000; Cr Cash 36,000 Dr Rent Expense 6,000; Cr Cash 6,000 Below is select account information tor Leah Co. - Cash: 5,000 - Accounts payable: 6,000 - Service revenue: 12,000 - Inventory: 7,000 - Advertising expense: 1,000 - Equipment: 20,000 - Common stock: 25,000 - Notes payable: 12,000 - Accounts receivable: 8,000 - Utilities expense: 800 - Salaries and wages expense: 3,400 What is the net income for the period? $8,800 $18,800 $14,800 $6,800