Indicate the proper journal entry to record payment of an Account Payable from an inventory purchase: Select one: a. Debit Cash, credit Inventory b. Debit Accounts Payable, credit Cash c. Debit Inventory, credit Cost of Goods Sold d. Debit Accounts Payable, credit Cost of Goods Sold e. Debit Inventory, credit Cash A bookkeeper erroneously recorded the accrual of wages payable using this journal entry: XX Sales Discount Depreciation Expense XX Indicate the effect of the error on Expenses, Assets, and Liabilities, respectively: Select one: a. No Error, Understated, No Error b. Overstated, No Error, Understated c. No Error, No Error, Understated d. Understated, No Error, Understated e. Understated, Understated, Understated