MC Qu. 135 A $130 credit to Office Equipment was...
A
$130 credit to Office Equipment was credited to Fees Earned by mistake.
By what amounts are the accounts under- or overstated as a result of
this error?| Office Equipment, understated $130; Fees Earned, overstated $130. | |
| Office Equipment, understated $260; Fees Earned, overstated $130. | |
| → | Office Equipment, overstated $130; Fees Earned, overstated $130. |
| Office Equipment, overstated $130; Fees Earned, understated $130. | |
| Office Equipment, overstated $260; Fees Earned, understated $130. |