Question 4 The Walton Company paid an account payable and recorded this journal entry. Not yet answered X Unearned Revenue Inventory Points out of 3.00 XX Flag question Determine the effect of the error on the following Select one: a. Assets Overstated, Liabilities Overstated b. Assets No Error, Liabilities No Error c. Assets Overstated, Liabilities Understated d. Assets Overstated, Liabilities No Error e. Assets No Error, Liabilities Understated Question 5 On January 1, 2016, Colt Co. issued ten-year bonds with a face amount of $1,000,000 and a stated interest rate of 10% payable annually on January 1. The bonds were priced to yield 12%. The approximate total issue price of the bonds was: Not yet answered Points out of 3.00 Select one: a. $1,122,888 Flag question b. $886,992 c. $1,134,198 d. $926,399 e. $1,077,217