The balance in the prepaid rent account before adjustment at the end of the year is $15,228, which represents 9 months' rent paid on December 1. Determine the adjusting entry required on December 31.

debit Rent Expense, $13,536, credit Prepaid Rent, $1,692

debit Rent Expense, $1,692, credit Prepaid Rent, $1,692

debit Prepaid Rent, $13,536, credit Rent Expense, $1,692

debit Prepaid Rent, $1,692, credit Rent Expense, $1,692