The balance in the prepaid rent account before adjustment at the end of the year is $32,000, which represents four months' rent paid on Decembe 1. The adjusting entry required on December 31 is a. debit Rent Expense, $8,000; credit Prepaid Rent, $8,000 b. debit Prepaid Rent, $24,000; credit Rent Expense, $8,000 c. debit Prepaid Rent, $8,000; credit Rent Expense, $8,000 O d. debit Rent Expense, $24,000; credit Prepaid Rent, $8,000

The balance in the prepaid rent account before adjustment at the end of the year is $32,000, which represents four months' rent paid on Decembe 1. The adjusting entry required on December 31 is 2. Uebit Rent Iepense, 58,000 , creda Prepaid Rens, $8,000 b. Jebit Prepiaid Rent, $24,000, condit Rent Experse, $8,000 5. dehit Prepaid Rent, 58,000; credir Heot Expense, 58,000 d. debit Rent Expense, 524,900; creda Mrepaid Rent; 58,000