A publishing company records the subscriptions pild in advence by ks customers it an account catled Utreartred Subsertption Reventue if the company

falls to make the end$-$of$-$period adjusting entry to record the portion of the subscribtions that have been eartred, one effect will lee:

Multiple Choice

An understatement of liabilities.

An overstatement of liabilities.

An understatement of assets.

An overstatement of assets.

An overstatement of equity.