Debit to an expense account and a credit to an asset account

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As prepaid expenses expire with the passage of time, the correct adjusting entry will be a debit to an asset account and a credit to an asset account. Debit to an expense account and a credit to an asset account. Debit to an expense account and a credit to an expense account. Debit to an asset account and a credit to an expense account.

Reference no: EM13747111

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