wift Company paid $11,800 in advance for six months of rent. What journal entry will Swift prepare to record this transaction? Question 16 options: Debit Rent Expense and credit Cash for $11,800 Debit Prepaid Rent and credit Cash for $11,800 Debit Cash and credit Deferred Rent for $11,800 Debit Cash and credit Prepaid Rent for $11,800