SUBJECTIVE SCORE INSTRUCTOR USE ONLYPART 1 TEXAS INSTRUMENTS TI-301S KEY 25 On July 1, Mauney's Sports Store paid $14,640 to Cullumber Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on July 31, the adjusting entry to be made by Mauney's Sports Store is Debit Rent Expense, $3, 660: Credit Prepaid Rent, $3, 660 Debit Prepaid Rent, $3,660: Credit Rent Expense, $3,660. Debit Rent Expense, $14,640: Credit Prepaid Rent, 3,660 it Rent Expense, s14, 640: Credit Prepaid Rent, $14, 640 s ei1. 4nterest rate for six-months