2

A law firm received 2.000 TL cash for legal services to be rendered in the future. The full amount was credited to the liability account Unearned Revenue. If no amount is recorded for the legal services provided by the end of the accounting period, this would cause Select one: Expenses to be overstated. Liabilities to be understated. Net income to be overstated. Revenues to be understated. 17:32 2 17:32