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d n 29 Out of A law firm received $5,000 cash for legal services to be rendered in the future. The full amount was credited

image text in transcribed d n 29 Out of A law firm received $5,000 cash for legal services to be rendered in the future. The full amount was credited to the liability account Unearned Service Revenue. If the legal services have been rendered at the end of the accounting period and no adjusting entry is made, this would cause question Select one: O a. liabilities to be understated b. revenues to be understated c. net income to be overstated. d. expenses to be overstated

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