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:

Multiple Choice

Rent expense

Account Name

Debit

Credit

Frepaid rent

$$1,300$

$$1,366$

Rent expense

Debit

Credit

Cash

$$1,300$