If you forgot to make the adjusting entry for accrued interest on a note payable at the end of the year what would happen?

a$.$

Liabilities and shareholders' equity would be understated.

b$.$

Profit will be overstated, liabilities will be understated, and shareholders' equity will be overstated.

c$.$

Profit will be overstated and assets will be understated.

d$.$

Profit will be understated and liabilities will be understated.