On September 1, Henderson Company received $36,000 for six months of rent in advance. Henderson credited Deferred Rent Revenue. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on: (a) Income statement accounts (overstated, understated, or no effect)? (b) Net Income (overstated, understated, or no effect)? (C) Balance sheet accounts (overstated, understated, or no effect)? Income Statement Accounts Revenues n Expense: Choose One Net Income Choose One Balance Sheet Accounts A On One B Labtes CORO Retained Earnings On September 1, Henderson Company received $36,000 for six months of adjusting entry is not made at the end of the year, what will be the effect (a) Income statement accounts (overstated, understated, or no effect)? (b) Net income (overstated, understated, or no effect)? (c) Balance sheet accounts (overstated, understated, or no effect)? Income Statement Accounts Revenue: Choose One Expense: Choose One Net Income: Choose One @ Balance Sheet Accounts Assets: Choose One Liabilities: Choose One e Retained Earnings Choose One Understated Overstated No Effect ? Continue