23. Lowery Company uses accrual accounting and issues monthly financial statements. During March 2022, the company used $500 of utilities. a. Lowery will prepare an accrued expense adjusting entry on March 31, 2022. b. Lowery will prepare a prepaid expense adjusting entry on March 31, 2022 C. No adjusting entry is needed on March 31, 2022 d. Lowery will prepare an accrued revenue adjusting entry on March 31, 2022