settlement transactions occur is was paid on December I for 3 mont that needs to be entered on December 31 is! Faunolamental Financial Accounting Concepts e conclusion of the prepaid lease account, at year en epaid lease account, at year end, before transactions occur is soooo. The prepaymen December I for 3 months. the settlement recond a b c. d. Debit pprepaid rental 6000$, credit veut 6000$. Debit prepaid rental 30008, creda reut 30008 Debit rental 6000o's credit prepaid rental 6000s. Debit rental 3000$, credit prepaid) rental 3000$