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

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Accounting

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.

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