Question 4 25 Points If Baker did not make the July 31 adjusting entry related to the unbilled service job in question 3: The errors on the Income Statement for July would be: u items understated: none u items overstated: Service Revenue, Net Income A The errors on the July 31 Balance Sheet would be: u items understated: none u items overstated: Accounts Receivable, Total Assets, Retained Earnings, Total Equity, Total Liabilities and Equity B The errors on the Income Statement for July would be: u item understated: Service Revenue u item overstated: Net Income The errors on the July 31 Balance Sheet would be: u items understated: Retained Earnings, Total Equity, Total Liabilities and Equity u items overstated: Accounts Receivable, Total Assets The errors on the Income Statement for July would be: u items understated: Service Revenue, Net Income u items overstated: none The errors on the July 31 Balance Sheet would be: u items understated: Accounts Receivable, Total Assets, Retained Earnings, Total Equity, Total Liabilities and Equity u items overstated: none There would not be any errors, as no adjusting entry is required