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The balance in the prepaid rent account before adjustment at the end of the year is $14,112, which represents 12 months' rent paid on December

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The balance in the prepaid rent account before adjustment at the end of the year is $14,112, which represents 12 months' rent paid on December 1. The adjusting entry required on December 31 is Oa debit Prepaid Rent, $1,176, credit Rent Expense, $1,176 Ob. debit Rent Expense, $12,936, credit Prepaid Rent, $1,176 Oc. debit Prepaid Rent, $12.936, credit Rent Expense, $1,176 Od debit Rent Expense, $1,176, credit Prepaid Rent, $1,176 Buster Industries pays weekly salaries of $43,300 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on Tuesday is Oa debit Salaries Payable, $17,320; credit Cash, $17,320 Ob. debit Salary Expense, S17,320; credit Salaries Payable, $17,320 Oc. debit Dividends, $17,320; credit Cash, $17,320 Od debit Salary Expense, $17,320; credit Dividends, $17,320

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