West Company Signed a One-Year Lease on April 1 and Paid

Multiple Choice

West Company signed a one-year lease on April 1 and paid the $11,400 total year's rent in advance. West recorded the transaction as a debit to Prepaid Rent and a credit to Cash.
What adjusting entry should West make on December 31 (no previous adjustment has been made) ?

A) Prepaid Rent 2,850
Rent Expense 2,850
B) Prepaid Rent 8,550
Rent Expense 8,550
C) Rent Expense 8,550
Prepaid Rent 8,550
D) Rent Expense 2,850
Prepaid Rent 2,850
E) None of the above