A bookkeeper erroneously recorded the accrual of wages payable using this journal entry:

Sales Discount	XX
Depreciation Expense	XX

Indicate the effect of the error on Total Liabilities and Total Assets:

Select one:

a.

No Error, Understated

b.

Understated, No Error

c.

Understated, Understated

d.

No Error, No Error

e.

Overstated, Understated