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The accountant for Eagle Financial Services, Inc. failed to make an adjusting entry to record $3,000 of telephone expenses for the last two months of

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The accountant for Eagle Financial Services, Inc. failed to make an adjusting entry to record $3,000 of telephone expenses for the last two months of the year. Which of the following statements is true? O A. The total assets will be overstated. O B. The total liabilities will be overstated C. The total assets will be understated O D. The total liabilities will be understated

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