Question: overstated, understated, or neither? Over/Under: Alpha failed to record AJEs for $500 interest earned from a note receivable and $700 interest incurred from a note

overstated, understated, or neither? Over/Under: Alpha failed to record AJEs for

overstated, understated, or neither?

Over/Under: Alpha failed to record AJEs for $500 interest earned from a note receivable and $700 interest incurred from a note payable. None of the interest will be paid or received until next year. This has what effect on assets, liabilities, and net income? Assets: [Select] Liabilities: [Select ] Net Income: [Select ]

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