The balance in the prepaid rent account before adjustment at the end of the year is $12,060, which represents 12 months' rent paid on December 1. The adjusting entry required on December 31 is

a.debit Prepaid Rent, $11,055, credit Rent Expense, $1,005

b.debit Prepaid Rent, $1,005, credit Rent Expense, $1,005

c.debit Rent Expense, $11,055, credit Prepaid Rent, $1,005

d.debit Rent Expense, $1,005, credit Prepaid Rent, $1,005