A company closes its books annually each December 31. For each of the following errors/omissions indicate the effect on Assets, Liabilities and Owners' Equity by placing the appropriate letter in the blanks to the right. for Overstated for Understated for No effect A. A company failed to make an adjusting entry to accrue salaries payable for the last few days of the accounting period. B. A company failed to make the adjusting entry to record the use of office supplies for the accounting period