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A company recorded the $27,000 adjusting entry for the earning of rent received in advance by debiting revenues and crediting expenses $27,000. Which of the

A company recorded the $27,000 adjusting entry for the earning of rent received in advance by debiting revenues and crediting expenses $27,000. Which of the following is/are overstated $54,000?

A. expenses

B. liabilities

C. revenues

D. all of these

E. none of these

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