Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are:

A) Intangible expenses.
B) Prepaid expenses.
C) Unearned expenses.
D) Net expenses.
E) Accrued expenses.

Accrued Expenses

Financial obligations that a company has incurred but has not yet paid.

Unpaid Expenses

Expenses that have been incurred but not yet paid, typically recorded as liabilities on a balance sheet.

Adjusting Process

A procedure in accounting that is carried out at the end of an accounting period to update the accounts and ensure they accurately reflect the financial activities and status of a business.