Which of the following is TRUE regarding the accounts prepaid rent and rent expense?

A. Prepaid rent represents the cost of rent not yet paid for, while rent expense represents the cost of rent which has been paid for.

B.

Rent expense represents an asset account, while prepaid rent represents the cost of rent used to deliver goods or services to customers.

C.

TThese account titles both mean the same thing and are used interchangeably.

D.

Prepaid rent represents the cost of rent paid for but not yet used, while rent expense represents the cost of rent used to deliver goods or services to customers.