For each of the following oversights, state whether total assets will be understated (U), overstated (O), or not effected (NE). 1. 2. 3. 4 5, 6. Failure to record the earned portion of unearned revenues. Failure to record depreciation.. Failure to record accrued wages Failure to record expired (used) prepaid rent. Failure to record accrued interest on a note receivable. Failure to record revenue earned but not yet received.