The Walton Company paid an account payable and recorded this journal entry. Unearned Revenue Inventory XX XX Determine the effect of the error on the following Select one: O a. Assets Overstated, Liabilities Overstated O b. Assets No Error. Liabilities No Error O c. Assets Overstated, Liabilities Understated O d. Assets Overstated, Liabilities No Error O e. Assets No Error, Liabilities Understated