Question 15 response. Aladdin Company received $4,800 on June 1, 2XX1 to rent out a magic lantern for two years and recorded the entire amount as Unearned Rent. Prepare the December 31, 2XX1 adjusting entry What is the impact on your financial statements if you fail to make this entry? (U understated, O overstated, OK OK (brother!) Revenue Assets Expense Liabilities For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial Net income Owner's equity 10pt A T H 5 L 2