Mastery Problem: The Adjusting Process. Unadjusted Financial Statements These trancal satements were prepared from the usicfuetred tral belance. Mdjusted Financial Statements Theso finandal statements were prepared from the adfusted triat balasok. Under which basis of accounting would adjusting entries never be recorded? Which accounts would most likely not be used under the cash basis of acoounting? a. Supplies Expense b. Uevearned Fees Accounts Payable Revenue e. Accounts Recelvable Cash a.band c = Matching Principle/Revenue Recognition Uniser the accrual basis of accounting, many of the account boringes in the lectler at the end of change. Some accounts require updating, though. When frabaring firsonclal staternents, the econ princple states that. Matching PriincipleyRevenue Mecognition printiple thates thut hut incener tor the mishio it Aprt. A. Cath paid in Mori fer esperses incurred in Mar. t. Cath pait in Aeri fur exgenses incured it Asnt. Orwatated, Uoderataled. Adjusting Lintries Stairments pandi. If an ampirt box does nok reouire an entryi lewee it blank