Question 7 (5 points) On July 1 Plum Company paid $7,500 cash for management services to be performed over a two-year period. On July 1, Plum should record:Question 7 options:A debit to an expense and credit to a prepaid expense for $7,500.A debit to an expense and credit to Cash for $7,500.A debit to a prepaid expense and a credit to Cash for $7,500.A credit to a prepaid expense and a debit to Cash for $7,500.