on 35 Nicole's bookkeeper records three items: ed out of n $5,000 of unearned revenue being earned $1,000 cash collected from earnings recorded in the prior period $3,000 cash collected in advance of services What is revenue for the current period? Select one: a. $8,000 b. $5,000 c. $6,000 d. $4,000 e. $3,000 On 36 Fed PO out of on Failure to record the adjustment to accrue salaries payable: a. Understates Liabilities. b. Understates Revenue c. Overstates Expenses d. Understates Assets