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If Adjusting Entries are not made for prepaid or unearned, what will be the result? What...

If Adjusting Entries are not made for prepaid or unearned, what will be the result? What will be under or overstated?

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Adjusting entries for unearned items typically include which of the following related types of accounts:
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What happens to the income statement and balance sheet if no adjusting entries are made?
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Prepaid items for which adjusting entries may be necessary include all of the following except:
Prepaid items for which adjusting entries may be necessary include all of the following except:A.prepaid insuranceB.prepaid rentC.unearned revenueD.office supplies
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Adjusting entries are
Adjusting entries are not necessary if the accounting system is operating properly. usually required before financial statements are prepared. made whenever management desires to change an account balance. made to balance sheet accounts only.
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