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Waterway Harness Shop received $2150 cash for harness services to be provided in the future. The full amount was credited to the Revenue account. If

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Waterway Harness Shop received $2150 cash for harness services to be provided in the future. The full amount was credited to the Revenue account. If the services have not been provided at the end of the accounting period and no adjusting entry is made, this would cause liabilities to be overstated. expenses to be understated. O profit to be understated. O revenues to be overstated. A company's unadjusted trial balance shows a debit in the Supplies account of $0 and a debit in the Supplies expense account of $1,450; however, the company only used up $600 worth of supplies. The adjusting entry will include a debit to Supplies for $600. Supplies Expense for $850. Supplies for $850. Supplies Expense for $600

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