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A company recorded the $15,000 adjusting entry for dues revenue earned when the cash has yet to be received by debiting liabilities and crediting assets

A company recorded the $15,000 adjusting entry for dues revenue earned when the cash has yet to be received by debiting liabilities and crediting assets $15,000. Which of the following is understated by $30,000?

A. liabilities

B. owners' equity

C. revenues

D. all of these

E. none of these

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