Over/Under: Beta made the following errors: (a) Beta recorded the credit purchase of supplies for $400 instead of the correct amount of $300 and (b) an AJE for a deferred revenue was recorded for $2,100 instead of the correct amount of $1,200. What effect does all of this have on assets, liabilities, and net income? Assets: [ Select ] [ Select ] No Effect Overstated Liabilitie Understated Net Income: [ Select ]