Question $15$

$2$ pts

The township Bakery paid $12,000$ in advance for six months of rent. Which of the following records this transaction?

Dr$.$ Cash and cr prepaid rent for $12,000$

Dr$.$ Cash and $cr$ deferred rent for $12,000$

Dr$.$ Prepaid rent and cr cash for $12,000$

Dr$.$ Rent expenses and $cr$ cash for $12,000$