On September 1, O'Connell Builders paid $5,300 in advance for 12 months of rent, with the rental period beginning on September 1. This $5,300 amount was correctly recorded as Prepaid Rent Expense on September 1. Which one of the following will be included in the December 31 adjusting entry?
O A DEBIT to Rent Expense for $3,533.
O A CREDIT to Prepaid Rent Expense for $1,767.
O A CREDIT to Rent Expense for $1,767.
O A DEBIT to Prepaid Rent Expense for $1.767.