The balance in the prepaid rent account before adjustment at the end of the year is $17,694, which represents 7 months' rent paid on December 1. The adjusting entry required on December 31 is a dobit Prepaid Rent $2.526 credit Rent Expense, 52,526 b. debit Hent Expense, 15,158 credit Prepaid Rent, 59,526 c. debit Prepaid Rent, $15,158 credit Rent Expense, 52.526 d. debit Rent Expense, 52,526, credit Prepaid Rent, 52,526