Question 4 2 pts On April 1 Peacock Co. paid $7,500 cash for management services to be performed over a two-year period. Peacock follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On April 1 Peacock should record: O A debit to an expense and credit to a prepaid expense for $7.500. O A debit to an expense and credit to Cash for $7.500. O A debit to a prepaid expense and a credit to Cash for $7.500 O A credit to a prepaid expense and a debit to Cash for $7.500. O A debit to Cash for $7,500 and a credit to an expense for $7.500