Drama, Film, and Mass Communication homework help. On September 1, 2018, Real Estate Professionals Company paid $5,000 in advance for an eight-month rental space covering the period of September 1, 2018 through April 30, 2019. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at year-end. The adjusting entry on December 31, 2018 would include a __________.A)debit of $5,000 to CashB)credit of $5,000 to Prepaid RentC)debit of $2,500 to Rent ExpenseD)credit of $2,500 to Rent Expense
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