The balance in the prepaid rent account before adjustment at the end of the year is $15,655, which represents 8 months' rent paid on December 1. The adjusting entry required on December 31 debt Restaponse, 313,00, credit Prepaid Ram, 1997 Ob. Icha Pepad, 31.957, credit Rent Expense. 51,957 Oc detente, 51,959, creda Prepaid Reni, 51,957 Od, deha Prepaid Rent $13.00credit Rent Expenas 51.957 Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of 515,438 and unexpired Insurance of $3,128, for the fiscal year ending on April 307 Oa, dehit Insurance lixpense, 512,110: credit Prepaid Insurance, 12.110 Ob. debit Prepaid Insurance, 512,310, credit Insurance Expense, 512,310 c. debit Insurance Expense 3.128, credit Prepaid Insurance, 53,128 Od. debit Insurance Expense, $15:43, credit Prepaid Insurance, 515438