Which of the following statements are false?

The adjusting entry to record amounts earned that had been collected in advance increases liabilities and increases revenues.

Adjustments to revenue accounts are made to adhere to the revenue recognition principle.

Adjusting entries can involve adjusting the Cash account for accrued revenues and expenses.

Statement one is false.

Statement two is false.

Statement three is false.

Question $2(3$ points$)$

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Which of the following statements are false?

The adjusting entry to record the use of supplies includes a debit to Supplies and a credit to Supplies Expense.

Depreciation is a measure of the increase in market value of an asset.

If certain assets are partially used up during the accounting period, an asset account is decreased, and an expense is recorded.

Statement one is false.

Statement two is false.

Statement three is false.