On May 1, Brown's Antiques paid $15,000 for 12 months of advance rent on its store and immediately debited the asset account Prepaid Rent for the full amount. Select the adjusting entry made on December 31, to record the amount of rent that had expired. Multiple Choice Account Name Debit Credit Prepaid Rent $10,000 Rent Expense $10,000 Account Name Debit Credit Prepaid Rent 15,000 Rent Expense 15,000

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