on november 1, 20x1, peaches consulting service paid $4,800 for 12 months of advance rent on its office space. the correct adjusting entry on december 31, 20x1, to show the amount of rent that had expired would include: multiple choice debit rent expense $400; credit prepaid rent $400 debit rent expense $800; credit prepaid rent $800 debit prepaid rent $400; credit rent expense $400 debit prepaid rent $800; credit rent expense $800