MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The accountant of Peyton Financial Services failed to make an adjusting entry to record $7,000 of 1) depreciation expense. Which of the following statements is true? A) The total expenses will be overstated. C) The total expenses will be understated. B) The total revenue will be understated. D) The total revenue will be overstated. 2) Which of the following entries would be made because of the matching principle? 2) F) Salaries Expense 1,000 Service Revenue 1,000 G) Salaries Expense 1,000 Salaries Payable 1,000 H)Cash 1,000 Unearned Revenue 1,000 ) Cash 1,000 1,000 Salaries Expense