Joe Smith was just hired as an accounting Intern at your company. A journal entry for a $75 payment for rent expense was posted as detit ts prependent expense and a credit to cash. No other mistake was made. This error will cause which of the following Multiple Choice Assets will be overstated by $75. Expenses to be overstated by $75. O The error will have no impact on any of the accounts. Liabilities will be overstated by $75