Save Inn is a resort located in Canada. During December 2019. Spin Jammers held its annual conterence at the resort. The charges related to the conference total $440,000, of which 25% has been paid by Spin Jammers. Assuming Spin Jammers fails to make the appropriate adjusting entry, which of the following is true regarding its December 31, 2019 statement of financial position? Save Inn is a resort located in Canada. During December 2019. Spin Jammers held its annual conterence at the resort. The charges related to the conference total $440,000, of which 25% has been paid by Spin Jammers. Assuming Spin Jammers fails to make the appropriate adjusting entry, which of the following is true regarding its December 31, 2019 statement of financial position