On June 30, 2009, Apricot Co. paid $5,000 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: A credit to an expense for $5,000 A debit to an expense for $5,000 A credit to a prepaid expense for $5,000 A debit to a prepaid expense for $5,000 A debit to Cash for $5,000