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On September 1 the Petite-Sizes Store paid $12,000 to the Mega-Mall Co. for 3 months rent beginning September 1. Prepaid Rent was debited for the

On September 1 the Petite-Sizes Store paid $12,000 to the Mega-Mall Co. for 3 months rent beginning September 1. Prepaid Rent was debited for the payment. If Petite-Sizes Store prepares financial statements on September 30, the appropriate adjusting journal entry to make on September 30 would be

Prepaid Rent $4,000
Rent Expense $4,000

Rent Expense $4,000
Prepaid Rent $4,000

Prepaid Rent $8,000
Rent Expense $8,000

Rent Expense $8,000
Prepaid Rent $8,000

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