3. 5 pointi A company reconds cash recelved from clients in advance for legal services in Unearned Revenve. If the compuny fails to make the end of-period adjusting entry to move the portion of revenue that has beeh earned to a revenue account, onve effect will be: An understatement of liabilities. An understaternent of equity. An understatement of assets. An overstatement of equity An overstatement of assets. 5 points Which of the following decreases equity: Assets. Investing activities. Revenues. Accounts receivable. Expenses