On September 1, 2021, Prince Inc. made its annual rental payment of $28,800 to the landlord for its office rent. The payment covers the period of September 1, 2021 to August 31, 2022. Assuming the entire amount has originally been debited to Prepaid Rent, the required adjustment at December 31, 2021 is:

Question 3 options:

	Debit Rent Expense and credit Prepaid Rent $9,600
	Debit Prepaid Rent and credit Rent Expense $9,600
	Debit Prepaid Rent and credit Rent Expense $19,200
	Debit Rent Expense and credit Prepaid Rent $19,200