1 pts An engineering firm earned $7,000 for services provided with the fee to be paid in the future. No entry was made at the time the service was provided. If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause Onet income to be overstated. Oliabilities to be understated. Orevenues to be overstated. O expenses to be overstated. assets to be understated. 40