13. Mich of the following correctly describes the following adjusting lournal entry Depreciation expense Accumulated depreciation A Total assets decrease. B. Liabilities will increase C Stockholders' equity is not affected D. Net incone increases 14. that is the effect on the financial statements when a company fails to accrue salaries expense at ye Net income is overstated and liabilities are understated. B. Expenses are understated and stockholders equity is understated C. Expenses and liabilities are both overstated. D. Net income is overstated and liabilities are properly reported