CUhsumed llieu and already paid or recorded. 3. Accrued expenses are A) paid and recorded in an asset account before they are used or consumed. B) paid and recorded in an asset account after they are used or consumed. C) incurred but not yet paid or recorded D) incurred and already paid or recorded. 4. Unearned revenues are A) B) C) D) received and recorded as liabilities before they are earned. earned and recorded as liabilities before they are received. earned but not yet received or recorded. earned and already received and recorded. 5. The balance in the offiee