Sveiwer The balance in the Prepaid Rent account before adjustment at the end of the year is $15,000, which represents three months' rent paid on December 1. The adjusting entry required on December 31 is to debit Rent Expense, V5,000 credit Prepaid Rent, V5,000. B. debit Rent Expense, V10,000; credit Prepaid Rent Y10,000. c debit Prepaid Rent, V5,000; credit Rent Expense, V5,000. debit Prepaid Rent, V10,000; credit Rent Expense, 410,000. OD