The adjusted trial balance of College Book Store as of November 30, 2016, after the firm's first month of operations, appears below. Appropriate adjustments have been made for the following items: a. Supplies used during the month, $4,300. b. Expired rent for the month, $5,500. c. Depreciation expense for the month, $2,150. Credit COLLEGE BOOK STORE Adjusted Trial Balance November 30, 2016 Account Name Debit 44,650 Cash Accounts Receivable 6,124 Supplies 6,200 33,000 Prepaid Rent 53.500 Equipment Accumulated Depreciation Equipment Accounts Payable Randy Moss, Capital Randy Moss, Drawing 5.000 2150 15,000 80,674 77,450 Randy Moss, Drawing 5,000 Fees Income Depreciation Expense-Equipment 2,150 Rent Expense F5,500 Salaries Expense 14,000 Supplies Expense 4,300 Utilities Expens 850 AD Totals 175,274 175 2 4 COLLEGE BOOK STORE Adjustments Entries November 30, 2016 Account Name Debit Credit Cash Accounts receivable Supplies Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Randy Moss, capital Randy Moss, drawing Fees income Depreciation expense-equipment Rent expense Salaries expense Supplies expense Utilities expense Totals Credit COLLEGE BOOK STORE Trial Balance November 30, 2016 Account Name Debit Cash Accounts receivable Supplies Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Randy Moss, capital Randy Moss, drawing Fees income Depreciation expense-equipment Rent expense Salaries expense Supplies expense Utilities expense Totals erences Analyze: What was the balance of Prepaid Rent prior to the adjusting entry for expired rent? Prepaid rent