A $130 credit to Supplies was credited to Revenue by mistake. By what amounts are the accounts under- or overstated as a
Posted: Tue Jul 05, 2022 1:36 pm
A $130 credit to Supplies was credited to Revenue by mistake. Bywhat amounts are the accounts under- or overstated as a result ofthis error?
Multiple Choice
Supplies, understated $130; Revenue, overstated $130.
Supplies, overstated $130; Revenue, understated $130.
Supplies, understated $260; Revenue, overstated $130.
Supplies, overstated $260; Revenue, understated $130.
Supplies, overstated $130; Revenue, overstated $130.
Multiple Choice
Supplies, understated $130; Revenue, overstated $130.
Supplies, overstated $130; Revenue, understated $130.
Supplies, understated $260; Revenue, overstated $130.
Supplies, overstated $260; Revenue, understated $130.
Supplies, overstated $130; Revenue, overstated $130.