1. Which of the following is/are FALSE? a. Failure to record an adjusting entry for unearned revenue will overstate net b. Failure to income. record an adjusting entry for unrecorded credit sales with delivered goods will understate net ncome c. Failure to record an adjusting entry for uncarned revenue will understate liabilities, d. Two of the above are FALSE e. None of the above is FALSE 2. (Tor F) Adjusting entries for unearned revenue decrease sharcholders' equity 3. Which of the following is/are TRUE? a Failure to record adjusting entries for unrecorded credit sales with delivered goods will overstate accounts receivable b. Failure to record adjusting entries for unrecorded eredit sales with delivered goods will overstate cost of goods sold. c. Failure to record adjusting entries for uneamed revenue overstates total assets. d. Two of the above are TRUE e. None of the above is TRUE TorF)Adjusting entrics for unrecorded credit sales with delivered goods allow the revenue to be reported in the reporting period after the period of the satisfaction of the performance obligation. 5. (T or F)The balance in the unearned revenue account will be zero after the adjusting entries for the satisfaction of some but not all of the performance obligations