The balance in the prepaid rent account before adjustment at the end of the year is $12,132, which represents four months' rent paid on December 1. The adjusting entry required on December 31 is Oa. debit Rent Expense, $3.033. credit Prepaid Rent. $3,033 xb. debit Prepaid Rent. $3.033, credit Rent Expense. $3.033 Oc. debit Rent Expense. 59.099, credit Prepaid Rent $3.033 Od. debit Prepaid Rent. 59.099, credit Rent Expense. 53.033