D Question 31 5 pts On December 31, 2016, interest of $1,500 has accrued on a bank note. This interest payment is due on January 20, 2017. If no adjusting entry is made on December 31, 2016, indicate the effect on assets, liabilities, equity, and net income. Please state below in your answers using either of the 3 options. Understated, Overstated, No Effect Assets Liabilities Equity Net Income