On January 1, Daisy Company Paid $6,400 for Six Months

On January 1, Daisy Company paid $6,400 for six months rent. Assume no other adjusting entries have been done this fiscal year. What would the adjusting entry be on March 31?

A) Debit Rent Expense $1,067, credit Prepaid Rent $1,067
B) Debit Rent Expense $1,067, credit Cash $1,067
C) Debit Rent Expense $3,200, credit Prepaid Rent $3,200
D) Debit Rent Expense $3,200, credit Cash $3,200