The balance in the prepaid rent account before adjustment at the end of the year is $12 , 132 , which represents four months" rent paid on December 1. The adjusting entry required on December 31 is a. debit Rent Expense, \$3.033, credit Prepaid Rent. $3 , 033 * b. debit Prepaid Rent, \$3. 03s, cedit Rent Experse. 53.033 C. debit Pent Expenst, $9.099 ere die Prepaid Pent. $3.033 d. debit Prepaid flent. 39.697, credit hent Eapenst. 33.033