A $15 credit to Sales was posted as a $150 credit. By what amount is the Sales account in error?
A) $135 overstated.
B) $150 overstated.
C) $15 understated.
D) $150 understated.
E) $135 understated.

Name: A $15 credit to Sales was posted as a $150 credit. By what amount is the Sales account in error? A) $135 overstated. B) $150 overstated. C) $15 understated. D) $150 understated. E) $135 understated.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The Sales account is overstated by $135 because the $15 credit was posted as a $150 credit.

A $15 Credit to Sales Was Posted as a $150