BDA Question 1 1/1 point: The failure to properly record an adjusting entry to accrue a revenue item will result in an Understatement of revenues and an understatement of labilities Understatement of revenues and an understatement of assets Overstatement of revenues and an overstatement of liabilities Overstatement of revenues a an overstatement of assets Question 2 0/1 point Jan Johns earned wages of $500 for the last week of March She is not paid until the 1st April Jan's employer will record the following adjusting entry at the end of March Accrued Expenses is Debited and Wages is credited Wiges is Debited and Accned Expernes Credited