Quiz navigat Question 18 Not yet answered A bookkeeper forgot to record $950 of accrued interest on a note payable owed to a bank What is the impact of this error on the trial balance, the interest payable account, and on reported profit? 2 7 8 Marked out of 1.00 11 12 Pflag Question 16 17 Select one a. The trial balance would be in balance, Interest payable would be overstated, and profit would be understated. b. The credit side of the trial balance would be higher than the debit side, interest payable would be overstated and profit would be overstated, OC. The debit side of the trial balance would be higher than the credit side, interest payable would be understated, and profit would be understated d. The trial balance would be in balance, interest payable would be understated, and profit would be overstated Finish attempt. Time left 0:47:23