On April 1, MVP Sportswear prepaid six months of rent, 4,200. Which of the adjusting entries below would be required at April 30?
a) Debit Prepaid Rent for 700, Credit Rent Expense for 700
b) Debit Rent Expense for 700, Credit Prepaid Rent for 700
c) Debit Rent Expense for 4,200, Credit Cash for 4,200
d) Debit Prepaid Rent for 4,200, Credit Cash for 4,200