QUESTION 21 Accrued expenses are: A expenses that have been paid but not yet incurred. B. expenses incurred but not yet paid or recorded expenses that require adjusting entries to increase a prepaid expense and decrease a liability D. expenses that require adjusting entries to debit a liability and credit an expense. QUESTION 22 Accrued revenues A are revenues not yet earned but have been collected or recorded. 3. are revenues earned but not yet collected or recorded Crequire an adjusting entry to decreases credits) an asset and increases (debit) a revenue. Drequire an adjusting entry to decrease credits) a revenue and increase (debitha laty QUESTION 23 What is the easiest way to correct an error ist make the correct entry that should have been made Second liminate the effect of the incorrect entry by making the opposite journal entry. 3. Update account is a journal entry that are required to bring units up to date 35 of a certain date. Castinate the effect of the incorrect entry by making the opposite journal entry. Second make the correct entry that should have been made initially Make the correct entry that should have been done italy