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The balance in the prepaid rent account before adjustment at the end of the year is $15,995, which represents 10 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 $15,995, which represents 10 months' rent paid on December 1. The adjusting entry required on December 31 is Os debent txpense, $13,155, rodepaid 51.540 Ob debit Paid Hemt, 313,235; credeant per 1.340 Oc debate ont,31,546 credit Best Expens, 51.540 Od det ant rxpcns, 51.540 credit Prepaid Rent, 51.540

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