If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:

a) Result in a debit to an expense and a credit to an asset account.

b) Cause an adjustment to prior expense to be overstated and assets to be understated.

c) Cause an accrued liability account to exist.

d) Result in a debit to a liability and a credit to an asset account.

e) Decrease cash.