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A law firm received $3000 cash for legal services to be rendered in the future. The full amount was credited to the liability account unearned
A law firm received $3000 cash for legal services to be rendered in the future. The full amount was credited to the liability account unearned services revenue. If the legal services have been rendered at the end of the accounting period and no adjusting entry is made, this would cause
A) revenues to be understated
B) expenses to be overstated
C) liabilities to be understated
D) net income to be overstated
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