The accountant for Johnston Company forgot to post an adjusting entry to record accrued revenue (i.e., revenue earned but not yet collected from customers). The effect of this error will result in:

Group of answer choices

an understatement of net income and equity and an overstatement of assets

an overstatement of assets, net income, and equity

an overstatement of net income and an understatement of assets

an overstatement of assets and net income and an understatement of equity

an understatement of assets, net income, and equity