Identify the impact on the balance sheet if the following information is not used to adjust the accounts: Interest accrues on notes payable at the rate of $200 per month. None of these answers are correct. Liabilities overstated and Stockholders Equity understated by $200. Liabilities overstated and Stockholders Equity overstated by $200. Liabilities understated and Stockholders Equity understated by $200. Liabilities understated and Stockholders Equity overstated by $200