By the end of December, Morgan Company has completed work of $3,300 Morgan company has neither bed the dients no recorded any of the appropriate adjusting entry is not made at the end of the year, what will be the second (a) Income statement accounts (overstated, understated, or no effect)? (6) Net Income (overstated, understated, or no effect) (c) Balance sheet accounts (overstated, understated, or no effecty? Incoms Statement Account vel Choose One Exoner Choose One No acome Choose One Effects of adjusting entries on financial statements: Problem typ... (c) Burunce sheet accounts (overstated, understated, or no effect)? Income Statement Accounts Revenue: Choose One Expense: Choose One Net Income: Choose One Balance Sheet Accounts Assets: Choose One Liabilities: Choose One v Retained Earnings: Choose One $