A $15 credit to Sales was posted as a $150 credit. By what amount is Sales out of balance?
A) $150 understated.
B) $150 overstated.
C) $135 understated.
D) $135 overstated.
E) $15 understated.
Correct Answer:
Verified
Q78: A debit is used to record
A)An increase
Q79: During the month of November, Cornish Company
Q80: A record of all accounts used by
Q81: If, on a trial balance, the total
Q82: Eli opened a new business by investing
Q84: The purchase on credit of a delivery
Q85: The general journal provides a place for
Q86: Welder Company purchases supplies from Plumber Company
Q87: A book of original entry is
A)A book
Q88: A ledger is
A)A book in which a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents