Basic Accounting

Pay $3000 toward lease agreement for office. The agreement is for 1year. The rent is 1,500 per month, last months rent was required at time of lease agreement. Lease period is effective July 1st 2014 through jun 30th 2015.
I think it's like this:
Rent expense 1,500.00
Prepaid rent 1,500.00
How do I add the cash?
Would the 3,00.00 be another entry on its own?
Like cash 3,000.00
And rent 3,000.00

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asked by Lisa
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    posted by Shin

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