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QUESTION 2 The accountant for the Selma Company forgot to make an adjusting entry to record revenue earned but not yet billed to customers. The effect of this error would be: blled Anunberstatement of ct of this error would be: An understatement of assets, net income, and owner's equity. An overstatement of liabilities offset by an understatement of owner's equity. An (overstatement of assets and of net income offset by an understatement of owner's equity. An overstatement of net income and an understatement of assets. Nohe of the above