1. The balance in the prepaid rent account before adjustment at the end of the year is $14,102, which represents 10 months' rent paid on December 1. The adjusting entry required on December 31 is

   a.debit Prepaid Rent, $12,692; credit Rent Expense, $1,410

   b.debit Rent Expense, $12,692; credit Prepaid Rent, $1,410

   c.debit Rent Expense, $1,410; credit Prepaid Rent, $1,410

   d.debit Prepaid Rent, $1,410; credit Rent Expense, $1,410