An Asset Created by Prepayment of an Expense Is

Multiple Choice

An asset created by prepayment of an expense is:

A) Recorded as a debit to an unearned revenue account.
B) Recorded as a debit to a prepaid expense account.
C) Recorded as a credit to an unearned revenue account.
D) Recorded as a credit to a prepaid expense account.
E) Not recorded in the accounting records until the earnings process is complete.