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Use the drop-down lists in each cell, select what the impact will be if the necessary adjusting entry is NOT done at the end of

Use the drop-down lists in each cell, select what the impact will be if the necessary adjusting
entry is NOT done at the end of the fiscal period.
a) At the end of the year, service revenue of $2,400 has been earned but not yet been collected.
If the adjusting entry to record this is not done.
...will Net Income be understated, overstated, or not be impacted?
...will Total Assets be understated, overstated, or not be impacted?
...will Total Liabilities be understated, overstated, or not be impacted?

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