LAE Demak Company pays its employees on the 1st and 15th of each month. It is March 31 and the company is preparing financial statements for this quarter temployees have earned 541.000 Since the 15th of March and have not yet been paid How will Demis balance sheet and income statement reflect the accrual of wages on March 317 Increase wages payable by $ 61.000 x on the balance sheet Increase wages expense by 61.000x on the income statement Indicate the effect on the balance sheet and income statement accounts Demskifted to make this accrual for each account indicate whether it would be overstated or understated Understated We understated come Owenstled . Stickholders' Couty Overstated Check