Which of the following is the correct journal entry if Bargain Boots received their monthly $500 rent bill, which will be paid later?
A. Debit: Accounts Payable ($500); Credit: Rent Expense ($500)
B. Debit: Cash ($500); Credit: Rent Expense (5500)
C. Debit: Rent Expense ($500); Credit: Accounts Payable ($500)
O D. Debit: Rent Expense ($500); Credit: Cash ($500)