tal- KDN-alur San3y6TWakidudopiruXBJUVSTROC O ADJUSTING ENTRES Effects of adjusting entries on financial statements: Problem typ... Evans Company's employees earn $510 per day and are paid on Friday for a five-day work week. This year, December 31 Is a Tuesday. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on: (a) Income statement accounts (overstated, understated, or no effect)? (b) Net income (overstated, understated, or no effect)? (c) Balance sheet accounts (overstated, understated, or no effect)? Income Statement Accounts Reven Choose One Ense Choose One Netcon Choose One Balance Sheet Account Choose One Liabilities Choose One Betained angst Choose One Explanation Check