During December 2018,April Service Company Performed $1,500 of Services,but as of December

question 70

Essay

During December 2018,April Service Company performed $1,500 of services,but as of December 31,2018,the clients have not yet been billed.If April fails to make an adjusting entry on December 31,2018,indicate the effect on assets,liabilities,equity,and net income.
$$\begin{array} { | l | l | } \hline & \text { Understated, Overstated, No Effect } \\\hline \text { Assets } & \\\hline \text { Liabilities } & \\\hline \text { Equity } & \\\hline \text { Net Income } & \\\hline\end{array}$$

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Definitions:

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, feeling, etc.) from the body to the central nervous system.

Subconscious Minds

The part of the mind that is not currently in focal awareness but influences thoughts, feelings, and actions.

Psychological Processes

Internal mental activities that underlie human behavior and function, such as perception, memory, and decision-making.

Hindbrain

The posterior part of the brain that includes the cerebellum and brainstem, involved in regulating basic life functions, movement, and maintaining balance.