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An accounting firm received $2,000 cash for accounting services to be rendered in the future. The full amount was credited to the liability account Uneared

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An accounting firm received $2,000 cash for accounting services to be rendered in the future. The full amount was credited to the liability account Uneared Service Revenue. If the accounting services have been rendered at the end of the period and no adjusting entry is made, this would cause a. expenses to be overstated. b. revenues to be overstated. oc net income to be overstated. od liabilities to be overstated

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