Included in the Telephone Rentals Account at 31 December 2021

True/False

Included in the telephone rentals account at 31 December 2021, Rick had included business telephone rental of £150 paid in advance for 2022.
The double entry for this should be
Increase an asset a/c= DEBIT EXPENSE A/C £150
Decrease an expense a/c CREDIT PREPAYMENT A/C £150