On October 1, Year 1 Intergenic Company paid $1,200 in advance for rent of office space for one year and recorded a journal entry debiting Prepaid Rent and crediting Cash for $1.200 On December 31, Year 1, the required adjusting entry was recorded. What are the adjusted account balances at December 31, Year 1? Multiple Choice Prepaid Rent 8900 Rent Expense 5300 o Prepaid Rent, 5300Rent Expense $900 Prepaid Rent, $1,200. Rent Expense. $0 O Prepaid Rent. $Rent Expense, $1.200