Question: Which journal entry reflects the adjusting entry needed on December 31?: In November, BOC prepaid $30,000 of rent for December, January, and February (and it

Which journal entry reflects the adjusting entry needed on December 31?:

In November, BOC prepaid $30,000 of rent for December, January, and February (and it was recorded properly). Now, it is December 31, the end of the fiscal year.

a)Dr. Rent Expense 10,000

Cr. Cash 10,000

b)Dr. Rent Expense 10,000

Cr. Prepaid Rent 10,000

c)No entry needed.

d)Dr. Rent Expense 30,000

Cr. Prepaid Rent 30,000

e)Dr. Rent Expense 30,000

Cr. Cash 30,000

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