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 December 1. The 31 is a. debit Prepaid Rent, ,000, credit Rent Expense,$8,000 b. debit Rent Expense, $24,000; credit Prepald Rent, $8,000 0e, debit Prepaid Rent, S24,000; dit Rent Expense, $8,000 Od debit Rent Expense, $8,000, credit Prepaid Rent, $8,000