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Show whether the transaction below for Evangelista Corporation overstated (O), understated (U), or correctly stated (C) total assets, total liabilities, stockholders' equity, and net income

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Show whether the transaction below for Evangelista Corporation overstated (O), understated (U), or correctly stated (C) total assets, total liabilities, stockholders' equity, and net income in 2018. You must write "O", "U", or " C " in each blank for credit. On November 1, 2018, Evangelista Corporation borrowed 8,000 on a sixmonth, 9% note payable. Evangelista correctly recorded the borrowing on November 1. On December 31, 2018, Evangelista made an adjusting entry for this note by debiting interest payable for $120 and crediting interest expense for $120. Assets Liabilities Equity

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