Ring the Bells, Ltd. provides online streaming services to its customers. All customers pay an annual subscription fee in advance, which is recorded as Deferred Revenue, and then the firm provides streaming services each month. The firm forgot to make an adjusting entry to record service revenue for streaming services provided during the period. Which of the following is true about the period end financial statements? Assets and Stockholders' Equity will be overstated. Assets and Stockholders' Equity will be understated. Liabilities will be overstated and Stockholders' Equity will be understated. Liabilities will be understated and Stockholders' Equity will be overstated. None of the answers given are correct. Which of the following accounts will NOT be involved in closing entries? Prepaid Insurance. Service Revenue. Utilities Expense. Retained Earnings