The Accountant for Wilson Consulting Company Failed to Make an Adjusting

question 65

Multiple Choice

The accountant for Wilson Consulting Company failed to make an adjusting entry to record $3,000 of unearned service revenue that has now been earned.Which of the following is TRUE?

• A) Total revenue is overstated.
• B) Total revenue is understated.
• C) Total expenses are overstated.
• D) Total expenses are understated.

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