If an Expense account is debited when the payment for a prepaid expense is made, no adjusting entry is required.

Name: If an Expense account is debited when the payment for a prepaid expense is made, no adjusting entry is required.
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When a payment for a prepaid expense is made, the Prepaid Expense account (an asset account) is debited, not an Expense account. An adjusting entry is required later to allocate the expense over the period it benefits.

If an Expense Account Is Debited When the Payment for a Prepaid