84 6 Help Save& Exit Submit Saved On July 1 of the current calendar year, Plum Co. paid $9100 Plum follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Plum would include cash for management services to be performed over a two-year period beginning July1 Multiple Choice A debit to an expense and a credit to a prepaid expense for $6,825 A debit to a prepaid expense and a credit to Cash for $6,825 A debit to an expense and a credit to a prepaid expense for $2.275 A debit to a prepaid expense and a credit to an expense for $2.275