Question 7 (1 point) Saved The balance in the prepaid rent account before adjustment at the end of the year is $24,000, which represents four months' rent paid on December 1. What is the amount of the adjusting entry required on December 31? O Debit Rent Expense, $18,000; credit Prepaid Rent, $18,000. Debit Prepaid Rent, $18,000; credit Rent Expense, $18,000 Debit Rent Expense, $6,000; credit Prepaid Rent, $6,000. Debit Prepaid Rent, $6,000; credit Rent Expense, $6,000.