By the close of the financial year, Mui had rent paid in advance of $1500. How should this be recorded?
- Acredit $1500 in the rent account and carry down as a credit balance
- Bcredit $1500 in the rent account and carry down as a debit balance
- Cdebit $1500 in the rent account and carry down as a credit balance
- Ddebit $1500 in the rent account and carry down as a debit balance