f an adjusting entry is not made for an accrued revenue… A) expenses

The following items were taken from the financial statements of Rivera Company.  Mortgage payable $2,340
May 5, 2020
Cornhusker Supplies Inc. purchased a 12-month insurance policy
May 5, 2020

f an adjusting entry is not made for an accrued revenue… A) expenses will be understated

B) earned owner’s equity will be understated

C) assets will be overstated

D) revenues will be overstated

 
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