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,...

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 Cash

B)credit of $5,000 to Prepaid Rent

C)debit of $2,500 to Rent Expense

D)credit of $2,500 to Rent Expense