In November, a law firm received $$2,000$ cash for legal services to be performed in the future.

The full amount was credited to the Unearned Service Revenue account. If some of the legal

services have been performed in December, and no adjusting entry is made, this would cause:

liabilities to be understated.

revenues to be overstated

expenses to be overstated.

revenues to be understated.

net income to be overstated.