On January 21, 2024, Carlos prepaid $7200 for pet care services to be provided each Friday for 8 weeks for his Golden Retriever. An adjusting entry is needed to bring accounts up to date on January 31.
A) Debit Prepaid Expenses $7200, Credit Cash $7200
B) Debit Prepaid Expenses $900, Credit Cash $900
C) Debit Cash $7200, Credit Prepaid Expenses $7200
D) Debit Cash $900, Credit Prepaid Expenses $900