A $130 credit to Office Equipment was credited to Fees Earned by mistak


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?
incorrectOffice 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.

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