An adjusting entry to record utilities used during a month for which no bill has yet been received is an example of

a. Allocating assets to expense to reflect the actual operating expenses incurred during the accounting period

b. Allocating revenues received in advance to revenue to reflect actual revenues earned during the accounting period

c. Accruing expenses to reflect expenses incurred during the accounting period that are not yet paid or recorded

d. Accruing revenues to reflect revenues earned during the accounting period that are not yet received or recorded