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Business, 04.09.2019 00:30 JANA279

On june 30, 2009, apricot co. paid $7,500 cash for management services to be performed over a two-year period. apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. on june 30, 2009 apricot should record: select one:
a. a credit to an expense for $7,500.
b. a debit to an expense for $7,500
c. a debit to a prepaid expense for $7,500.
d. a credit to a prepaid expense for $7,500.
e. a debit to cash for $7,500.

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