Failure to make an adjusting entry to recognize accrued interest payable would cause an:

A$)$ Overstatement of expenses, liabilities, and stockholders' equity

B$)$ Understatement of expenses, liabilities, and stockholders' equity.

C$)$ Understatement of assets and stockholders' equity

D$)$ Understatement of expenses and stockholders' equity and an overstatement of liabilities.

E$)$ None of the above.