elearn.monroecollege.edu Question 4 if Baker did not make the July 31 adjusting entry related to the unbilled service job in question 3: The errors on the Income Statement for July would be: u items understated: none u items overstated: Service Revenue, Net Income The errors on the July 31 Balance Sheet would be: u items understated: none u Items overstated: Accounts Receivable, Total Assets, Retained Earnings. Total Equity, Total Uabilities and Equity The errors on the Income Statement for jey would be: u item understated: Service Revenue u item overstated: Net Income The errors on the July 31 Balance Sheet would be: u items understated: Retained Earnings, Total Equity, Total Liabilities and Equity u items overstated: Accounts Receivable, Total Assets The errors on the income Statement for July would be: u items understated: Service Revenue, Net Income u items overstated: none The errors on the July 31 Balance Sheet would be: uitems understated: Accounts Receivable, Total Assets, Retained Earnings. Total Equity, Total Liabilities and Equity Uitems overstated: none (DThere would not be any errors, as no adjusting entry is required