The balance in the Prepaid Rent account before adjustment at the end of the year is $15,600, which represents 12 months rent paid on September.1 The adjusting entry required on December 31 to show the amount of rent that had expired is Mutiple Choice Rent expense Cash Account Name Debit Credit $1,300 $1,300 Account Name Rent expense Cash Debit $5,200 Credit $5,200 Rent expense Prepaid rent Account Name Debit Credit $5,200 $5,200 Account Name Rent expense Prepaid rent Debit $1,300 Credit $1,300