Salary expense $4,000; salaries payable $10,000 Question 20 1 pts On November 1, 2019, York Corporation paid $6,000 for three months of insurance. At December 31, 2019, York's bookkeeper forgot to prepare the required adjustment for insurance. Because of this error assets are overstated and net income is understated. assets are understated and liabilities are overstated. assets are overstated and expenses are overstated. both liabilities and expenses are understated. assets are overstated and expenses are understated. 1 pts Question 21 Which of the following lists contains only accounts found on the balance sheet