Which of the following statements is correct regarding adjustments?

a) Adjustments are optional

b) All adjustments are made at the beginning of the accounting period

c) Adjustments will correctly allocate cash to revenue or expenses

d) Adjustments update assets, liabilities and owner's equity

e) None of the choices are listed

Which one of the following accounts is increased by a debit entry?

a) Bank loan

b) Accounts payable

c) Sales

d) Depreciation expense

e) None of the choices listed