View Policies Current Attempt in Progress Crane Company paid cash of $156000 on June 1, 2020 for one year's rent in advance and recorded the transaction with a debit to Prepaid Rent. The December 31, 2020 adjusting entry is O debit Prepaid Rent and credit Rent Expense, $65000 O debit Prepaid Rent and credit Rent Expense, $91000. O debit Rent Expense and credit Prepaid Rent, $91000, O debit Prepaid Rent and credit Cash, $65000