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An architecture firm performed $15,000 of architecture services but no invoice was issued. No entry was made at the time the service was provided. If
An architecture firm performed $15,000 of architecture services but no invoice was issued. No entry was made at the time the service was provided. If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause: OA net income to be understated. OB. revenues to be overstated. OC. liabilities to be understated. D. expenses to be understated
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