Question: A & D Window Cleaning performed $ 4 5 0 of services but has not yet billed customers for the month. If A & D
A & D Window Cleaning performed $ of services but has not yet billed customers for the month. If A & D Window Cleaning fails to record the adjusting entry, what is the impact on th financial statements?
A Balance sheet assets understated, equity overstated income statement expense understated
B Balance sheet liabilities overstated; equity understated Income statement revenues understated
C Balance sheet assets overstated, equity understated Income statement expenses understated
D Balance sheet assets understated, equity understated Income statement revenues understated
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