Swift Company paid $16,000 in advance for six months of rent. What journal entry will Swift prepare to record this transaction? Multiple Choice O Debit Rent Expense and credit Cash for $16,000 O Debit Prepaid Rent and credit Cash for $16.000 O Debit Cash and credit Deferred Rent for 516,000 O Debit Cash and credit Prepaid Rent for $16,000