Allentown Services Inc. is prepering adjusting entries for the year ending December 31 . The following data are available: a. Interest is owed at December 31, on a 6-month, 8% note. Allentown berrowed $102,000 from NBD on September 1 . b. Allentown provides daily building maintenance services to Mack. Trucks for a quarterly fee of $2,900 payable on the fifteenth of the month following the end of each quarter. No entries have been made for the services provided to Mack Trucks during the quarter ended December 31 , and the related bill will not be sent until January 15 of the following year. c. On January 1, the cost of office supplies on hand was \$1,920. During the year, office supplies with a total cost of $6,480 were purchased from Office Depot and debited to office supplies imventory, On December 31 . Allentown determined the cost af office supplies on hand to be 5970. d. On September 23, Allentown received a $6,804 poyment from Bethlehem Steel for 9 months of maintenance services beginning an October 1. The entire omount was credited to unearned service revenue when received. 2. Conceptual Connectian: What would be the effect on the balance sheet and the income statement if the accountant failed to make the above adjusting ontries