A $130 Credit to Supplies Was Credited to Fees Earned

question 11

Multiple Choice

A $130 credit to Supplies was credited to Fees Earned by mistake.By what amounts are the accounts under- or overstated as a result of this error?

• A)Supplies,understated $130;Fees Earned,overstated $130.
• B)Supplies,understated $260;Fees Earned,overstated $130.
• C)Supplies,overstated $130;Fees Earned,overstated $130.
• D)Supplies,overstated $130;Fees Earned,understated $130.
• E)Supplies,overstated $260;Fees Earned,understated $130.

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