A bookkeeper erroneously recorded the accrual of revenue using this journa Sales Discount Depreciation Expense The effect of this error on Total Expenses and Total Assets (respectively Select one: a. No Error, Understated Ob. Overstated, Understated c. No Error, No Error Od. Understated, No Error e. Understated, Understated The Vlasik Company declared an $8 cash dividend and recorded this journal entry (assume the amount is accurate, but not necessarily the accounts): Unearned Revenue Prepaid Insurance 58 Indicate the effect of the error on Net Income, Liabilities, and Owner's Equity, respectively: Select one: a. No Error, Understated, Overstated b. Understated, Understated, Understated c. No Error, No Error, No Error d. Understated, Understated, Overstated Overstated No Frror Overstated A bookkeeper erroneously recorded the accrual of revenue using this journa Sales Discount Depreciation Expense The effect of this error on Total Expenses and Total Assets (respectively Select one: a. No Error, Understated Ob. Overstated, Understated c. No Error, No Error Od. Understated, No Error e. Understated, Understated The Vlasik Company declared an $8 cash dividend and recorded this journal entry (assume the amount is accurate, but not necessarily the accounts): Unearned Revenue Prepaid Insurance 58 Indicate the effect of the error on Net Income, Liabilities, and Owner's Equity, respectively: Select one: a. No Error, Understated, Overstated b. Understated, Understated, Understated c. No Error, No Error, No Error d. Understated, Understated, Overstated Overstated No Frror Overstated