Please answer all parts of the question for a big thumbs up and a good rating.

Thank you.

True or false

22. Asset prepayments become expenses when they expire. 23 A contra asset account is subtracted from a related account in the balance sheet. 24. If prepaid costs are initially recorded as an asset, no adjusting entries will be required in the future. 25 The cost of a depreciable asset less accumulated depreciation reflects the book value of the asset. 26. Accrued revenues are revenues that have been earned and received before financial statements have been prepared. 27. Financial statements can be prepared from the information provided by an adjusted trial balance 28 The adjusting entry at the end of the period to record an expired cost may be different depending on whether the cost was initially recorded as an asset or an expense 29. Rent received in advance and credited to a rent revenue account which is still unearned at the end of the period, will require an adjusting entry crediting a liability account for the amount still unearned. 30. An adjusting entry requiring a credit to Insurance Expense indicates that the initial transaction was charged to an asset account