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What is the overall consequence of failure to adjust the balance sheet accounts at the end of accounting period? O Inaccurate balances for certain accounts

What is the overall consequence of failure to adjust the balance sheet accounts at the end of accounting period? O Inaccurate balances for certain accounts (either overstatement or understatement). O Adjusting journal entries do not affect balance sheet accounts. Accounts payable will be overstated. O Cash account will be overstated. 1 pts

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