An Adjusting Entry to Record the Expired Portion of a Prepaid

question 85

Multiple Choice

An adjusting entry to record the expired portion of a prepaid expense that was originally debited to a prepaid expense account always includes

• A) A debit to an asset
• B) A credit to cash
• C) A debit to an expense
• D) A credit to an expense

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Absolutes

Unchangeable principles or facts that remain constant regardless of circumstances or opinions.

Decoding

The process of interpreting or making sense of coded information, symbols, or messages.

Communication Channel

The medium through which information is transmitted from one entity to another, including verbal, non-verbal, written, and electronic means.