Prior to the adjusting process, accrued expenses have:
A. been paid but have not yet been incurred.
B. been incurred, not paid, and not recorded.
C. been incurred, not paid, but have been recorded.
D. not yet been incurred, paid, or recorded.
Prior to the adjusting process, accrued expenses have:
A. been paid but have not yet been incurred.
B. been incurred, not paid, and not recorded.
C. been incurred, not paid, but have been recorded.
D. not yet been incurred, paid, or recorded.