Which of the following best describes when an accrual adjustment is required? An expense has not been incurred, but cash has been paid. An expanse has been incurred and paid in cash An expense has not been incurred nor has it been paid in cash. An expense has been incurred but not yet paid in cash. Which of the events about the statement of readings are not reported on the statement of retained earning decrease net income and are added to calculate the ending balance of Recained Earning unds are not used to calculate the ending balance of Retained Earnings Dividends are subtracted to calculate the ending balance of Retained ning QUESTION 34 Alter posting the adjusting entry to record revenues earned but not yet collected, which account will be increased? Unearned Revenue Accounts Payable Accounts Receivable Prepaid Revenue