As Prepaid Expenses Expire with the Passage of Time, the Correct

Multiple Choice

As prepaid expenses expire with the passage of time, the correct adjusting entry will be a

A) debit to an asset account and a credit to an expense account.
B) debit to an expense account and a credit to an asset account.
C) debit to an asset account and a credit to an asset account.
D) debit to an expense account and a credit to an expense account.