For the adjusting accounts for fixing revenue like the following entry:Unearned Fixed Revenue……2000Fixed Revenue……………2000NOT making the adjustment would __________ revenue and net income by $2000 in the income statement and ________ unearned revenue and ______ equity by $2000 in the balance sheet.
A.
understate, understate, understate
B.
understate, overstate , overstate
C.
overstate, overstate, overstate
D.
understate, overstate, understate