11:23 Hide Timor 12 Question 16 View Policies Current Attempt in Progress On August 1, Sunland Club provided services on account for $770. Sunland Club received the entire balance on August 31 and recorded the payment by debiting Cash for $770 and crediting Service Revenue for $770. On the August 31 financial statements * assets and revenues will be understated. assets and liabilities will be overstated. assets and revenue will be overstated. assets and liabilities will be understated. Attempts: 0 of 1 used Submit Answer Save for Later Last saved 1 second ago Saved work will be auto submitted on the due date