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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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