Question

In an adjusting entry for expenses incurred but not yet paid ______.

Answer 1

a liability is increasing since cash will be paid in the future due to the expense incurred

Step-by-step explanation:

Adjusting entries for accruals relate to entries that record revenues and expenses earned or incurred during the period prior to when the cash changes hands. Accrual adjustments include increasing assets and revenue or increasing expenses and liabilities.