The Balance in the Prepaid Rent Account Before Adjustment at the End

Multiple Choice

The balance in the Prepaid Rent account before adjustment at the end of the year is $12,000 and represents three months rent starting on November 1. The adjusting entry required on December 31, assuming adjusting entries have not previously been made, is

A) debit Prepaid Rent, $\$ 4,000$ ; credit Rent Expense $\$ 4,000$ .
B) debit Prepaid Rent, $\$ 8,000$ ; credit Rent Expense, $\$ 8,000$ .
C) debit Rent Expense, $\$ 12,000$ ; cre dit Prepaid Rent, $\$ 12,000$ .
D) debit Rent Expense, $\$ 8,000$ ; credit Prepaid Rent, $\$ 8,000$ .