A company made no adjusting entry for accrued and unpaid employee salaries of $9.900 on December 31. Which of Multiple Choice It will understate net income by $9,900. It will understate assets by $9.900. -O It will understate expenses and overstate net income by $9,900. It will overstate assets and liabilities by $9,900. It will have no effect on income Help Save & Exit salaries of $9,900 on December 31. Which of the following statements is true