CÂU HỎI 6 (SINGLECHOICE)
A company made no adjusting entry for accrued and unpaid interest expense of $2,800 on December 31. This oversight would:
Overstate liabilities by $2,800.
Overstate equity by $2,800.
Have no effect on liabilities.
Understate equity by $2,800.
Understate assets by $2,800.
