A law firm received $2,000 cash for legal services to be provided in the future. The full amount was credited to the liability account Revenue Received in Advance. If the legal services have been provided at the end of the accounting period and no adjusting entry is made, this would cause:

Select one:

a. liabilities to be understated.

b. profit to be overstated.

c. revenues to be understated.

d. expenses to be overstated.