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The balance in the prepaid rent account before adjustment at the end of the year is $ 1 1 , 4 9 6 , which

The balance in the prepaid rent account before adjustment at the end of the year is $11,496, which represents four months' rent paid on December 1. The adjusting entry required December 31 is
a. debit Rent Expense, $8,622, credit Prepaid Rent, $2,874
b. debit Prepaid Rent, $8,622, credit Rent Expense, $2,874
c. debit Rent Expense, $2,874, credit Prepaid Rent, $2,874
d. debit Prepaid Rent, $2,874, credit Rent Expense, $2,874
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