Somerset Leasing received $12,000 for 12 months' rent in advance. How should Somerset record this transaction? Multiple Choice 12,000 Prepaid rent Rent expense 12,800 12, eee Cash Deferred rent revenue 12,000 et Multiple Choice O 12,000 Prepaid rent Rent expense 12,000 O 12,000 Cash Deferred rent revenue 12,000 12,000 Interest expense Interest payable 12,000 Salaries expense Salaries payable 12,000 12,000