An Cambria Company made payment on rent owed by erroneously increasing cash and erroneously increasing rent payable. accrual entry for rent expense had previously been properly recorded by properly debiting rent expense and properly crediting rent payable. Which of the following is/are true? A. Net income is understated B. Rent expense is overstated C. Rent payable is understated D. Retained earnings are understated E. None of the above are true