Question: If the following adjusting entry is omitted, what effect will it have on the financial statements? AccountDebitCreditUnearned Rent 2 , 8 0 0 Rent Revenue

If the following adjusting entry is omitted, what effect will it have on the financial statements?
AccountDebitCreditUnearned Rent2,800Rent Revenue2,800
a. There will be no effect on net income.
b. Revenues will be overstated by $2,800.
c. There will be no effect on liabilities.
d. Revenues will be understated by $2,800.

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