The Vlasik Company declared a cash dividend and recorded this journal entry. XX Dividend Payable Unearned Revenue XX Determine the effect of the error on Net Income and Owners' Equity, respectively: Select one: a. Overstated, Overstated b. Understated, No Error c. Understated, Understated d. Overstated, No Error e. No Error, Overstated The Pieper Corp. recorded the accrual of a revenue by debiting Accounts Receivable and crediting Unearned Revenue. What is the effect of the error on Assets, Liabilities and Net Income, respectively? Select one: a. Understated, Overstated, No Error b. Overstated, No Error, Overstated c. Understated, No Error, Overstated d. No Error, Overstated, Understated e. No Error, Understated, Understated Which account has a normal debit balance? Select one: a. Dividends Payable b. Preferred Stock c. Common Stock d. Sales Discount