A company forgot to record accrued and unpaid wages of $350,000 at period-end. This oversight Understate net income by $350,000. Overstate net income by $350,000. Have no effect on net income. Overstate assets by $350,000. Understate assets by $350,000. Prior to recording adjusting entries, the Supplies $450 debit balance. A physical count of supplies show unused supplies still available. The required adjusting