Current Attempt in Progress On August 1, Bonita Club provided services on account for $890. Bonita Club received the entire balance on August 31 and recorded the payment by debiting Cash for $890 and crediting Service Revenue for $890. On the August 31 financial statements assets and liabilities will be understated. assets and revenue will be overstated. O assets and revenues will be understated. assets and liabilities will be overstated. Attempts: 0 of 1 used Submit Answer Save for Later