Your answers are saved automatically. Remaining Time: 1 hour, 44 minutes, 57 seconds. Question Completion Status: Moving to another question will save this response. Question 28 For a prepaid expense, the adjusting entry would O Decrease cash Result in a credit to an expense account and a debit to an asset account Result in a debit to an expense account and a credit to an asset account Cause a prepaid expense to be overstated and liabilities to be understated Result in a debit to a liability account and a credit to an asset account Moving to another question will save this response