Question 5 of 6 0.8 Points On June 1 Team Snap paid $54,000 to NYC Realty for 12 months of rent beginning June 1. The company correctly recorded the transaction on June 1. The recording of this transaction caused O A. Increase in Prepaid Rent $54,000; decrease in Cash $54,000 O B. Increase in rent expense $54,000; decrease in Cash $54,000 O C. Decrease in Prepaid Rent $54,000; decrease in Cash $54,000 O D. Decrease in Retained earnings $54,000, decrease in Cash $54,000 Reset Selection Mark for Review What's This