Jane Company collected $5,000 cash in advance during December 2004 for services to be performed in December 2004 and January 2005. At the end of December 2004 an adjusting entry was made to debit Unearned Revenue and credit Service Revenue for $2,500. If the adjusting entry were not made: Total assets at 12/31/04 would be overstated. O Total assets at 12/31/04 would be understated. Total liabilities at 12/31/04 would be overstated. Total liabilities at 12/31/04 would be understated. O None of the above