Lune s on the balance sheet as of December 31, 2011 $4,300 $2,200 $4,600 $4,800 None of the above. of the following adjusting entries, which one results in an increase in liabilities? ay to record earned portion of rent previously received in advance from a tenant and initially recorded as a liability The entry to write off a portion of unexpired insurance initially recorded as an asset. The entry to record interest accrued on a note receivable. D. The entry to record revenue earned but not yet collected or recorded. None of the above. E. 22 The CPA firm auditing Dom Company found that net income had been understated. Which of the following errors could be the cause? Failure to record payment of an account payable on the last day of the year. Failure to make an adjusting entry to record interest accrued on a note receivable. No entry made to record purchase of land for cash on the last day of the year. Failure to record depreciation expense for the period. None of the ahur