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 asset account.
b. debit to an asset account and a credit to an expense account.
c. debit to an expense account and a credit to an expense account.
d. debit to an expense account and a credit to an asset account.
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Home » Business » 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 asset account. b. debit to an asset account and a credit to an expense account. c.