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A bookkeeper erroneously recorded the accrual of wages payable using this journal entry: Indicate the effect of the error on Expenses, Assets, and Liabilities, respectively:

A bookkeeper erroneously recorded the accrual of wages payable using this journal entry: Indicate the effect of the error on Expenses, Assets, and Liabilities, respectively:

Select one:

a.

No Error, Understated, No Error

b.

Overstated, No Error, Understated

c.

No Error, No Error, Understated

d.

Understated, No Error, Understated

e.

Understated, Understated, Understated

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