Question 1 (1 point) If Supplies has a $180 unadjusted balance at December 31, 2022 and supplies on hand are $40, the year-end adjustment would contain a(n): increase to Supplies for $40. decrease to Supplies for $40. increase to Supplies Expense for $140. decrease to Supplies Expense for $140. Question 2 (1 point) Prepaid expenses are: O paid and recorded in an asset account before they are used or consumed. paid and recorded in an asset account after they are used or consumed. incurred but not yet paid or recorded. incurred and already paid or recorded. Question 3 (1 point) Adjustments for accrued revenues: increase assets and increase revenues. increase assets and increase liabilities. decrease assets and increase revenues. decrease liabilities and increase revenues