Indicate the proper journal entry to record payment of a cash dividend previously declared: Select one: O a. Debit Cash, credit Dividend Payable O b. Debit Dividends, credit Cash O c. Debit Dividends, credit Dividend Payable d. Debit Dividend Payable, credit Cash O e. Debit Cash, credit Dividends A bookkeeper erroneously recorded a $4 accrual of wages payable using this journal entry: Sales Discount $4 Depreciation Expense $4 Indicate the effect of the error on Net Income, Assets, and Liabilities, respectively: Select one: O a. No Error, Understated, No Error O b. Overstated, No Error, Understated O c. No Error, No Error, Understated O d. Understated, No Error, Understated O e. Overstated, Understated, No Error The Vlasik Company declared a cash dividend and recorded this journal entry. XX Dividend Payable Uneamed Revenue XX Determine the effect of the error on Net Income and Owners' Equity, respectively: Select one: O a. Overstated, Overstated b. Understated, No Error O c. Understated, Understated O d. Overstated, No Error O e. No Error, Overstated The Pieper Corp. recorded the accrual of an expense by debiting Prepaid Expense and crediting Accounts Payable. Indicate the effect of the error on Assets, Liabilities, and Net Income, respectively: Select one: O a. Understated, Understated, No Error O b. Overstated, No Error, Overstated c. Understated, No Error, Overstated O d. Overstated, Understated, No Error O e. Understated, Understated, Understated