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Question(s) / Instruction(s):

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.

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