Answer:
Debit Rent expense $800
Credit Prepaid rent $800
Explanation:
When rent is paid in advance, an asset is reduced while another is increased. The entries required are debit to prepaid rent and a credit to cash account. As the rent expires, the expense is recognized by debiting rent expense and crediting prepaid rents.
Rent expense as at 31 December 2019
= 2/12 * $4,800
= $800