The Walton Company paid a previously accrued expense and recorded this journal entry. Cash Uneared Revenue Determine the effect of the error on the following: Select one: a. Assets No Error, Liabilities No Error b. Assets No Error, Liabilities Understated c. Assets Overstated, Liabilities Understated O d. Assets Overstated, Liabilities No Error e. Assets Overstated, Liabilities Overstated On January 1, 2016, Colt Co. issued ten year bonds with a face amount of $1,000,000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. The approximate total issue price of the bonds was Select one: a $1,491,600 b. $877,106 c. $1,134,198 d. $954,756 e. $922,346