QUESTION 2 Which of the following does not correctly describe the following adjusting Journal entry? Debit - Wages expense - xxxxx Credit - Wages payable - XXXXX Total assets do not change The transaction is an example of an accrual Stockholders' equity decreases Net income is not affected QUESTION 3 Which of the following transactions and events results in an increase in liabilities and a decrease in net income? O a. The accrual of revenue earned at year-end b. Adjustment of the unearned revenue account for revenue earned during the period Oc Collecting cash from a customer for services to be provided in the future d. The accrual of wages expense at year-end