PES A legal firm received $2,000 cash for legal services to be rendered in the...
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Accounting
PES A legal firm received $2,000 cash for legal services to be rendered in the future. The full amount was credited to Unearned Revenue. If the legal services have been provided at the end of the accounting period and no adjusting entry has previously been made, this would cause O expenses to be overstated. O liabilities to be understated. net income to be overstated. O revenues to be understated. 1 pts
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