Which statement about adjusting entries is false?

Select one:

a.

Adjusting entries are recorded in the general journal but are not posted to the accounts in the general ledger.

b.

Adjusting entries are often made because some business events are not recorded as they occur.

c.

Before an adjusting entry for prepaid expense is recorded, assets will be overstated and expenses will be understated.

d.

And adjusting entry would adjust a revenue transaction so it reported when the revenue is earned.