Sheridan 05/20221 ACCG 16971-Section 93294 (Tu 11:00AM - 2:00PM) pet on d 21 tout of Gwen Lawn Company (GLC) is a lawn maintenance company. On January 1, 2019, one of its customers paid $13,200 in cash to GLC for services to be provided over the course of the year until December 31, 2019). The amount of work GLC will do for the customer will be spread evenly throughout the year. The company has a monthly accounting period On January 1, 2019, GLC recorded the following incorrect entry to account for the $13,200 payment Increase cash by $13,200 Increase revenue by $13,200 a) Has GLC overstated or understated revenue in January 20197 by By how much has GLC overstated or understated revenue at Overstated Understated Next page Qui