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Services were performed but not billed. What effect will this have on the income statement if an adjusting entry is not made? a. Revenues will

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Services were performed but not billed. What effect will this have on the income statement if an adjusting entry is not made? a. Revenues will be overstated. Ob. Net income will be understated. Oc. Liabilities will be understated. Od. Expenses will be overstated

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