Which of the following statements about adjustments is correct? Multiple Choice 0 Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses. 0 Depreciation is an example of an accrual adjustment. 0 Deferral adjustments are used to update amounts that have been previously deferred on the income statement. 0 When making an adjustment to recognize supplies used in a period, total assets will not change