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The following entries were not made at year end. A. Interest accrued on money lent to a customer B. The telephone bill was received but
The following entries were not made at year end. A. Interest accrued on money lent to a customer B. The telephone bill was received but not recorded What is the impact of not making the above adjusting entries on total assets, total liabilities, and profit? Select whether the unadjusted balances are too low, too high, or no effect. Effect on total assets Effect on total liabilities Effect on Profit Transactions A B
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