A $130 credit to Office Equipment was credited to Sales by mistake. By what amounts are the accounts under- or overstated as a result of this error?
A) Office Equipment, understated $130; Sales, overstated $130
B) Office Equipment, understated $260; Sales, overstated $130
C) Office Equipment, overstated $130; Sales, overstated $130
D) Office Equipment, overstated $130; Sales, understated $130
E) Office Equipment, overstated $260; Sales, understated $130

Question

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The Answer of A $130 credit to Office Equipment was credited to Sales by mistake. By what amounts are the accounts under- or overstated as a result of this error?
A) Office Equipment, understated $130; Sales, overstated $130
B) Office Equipment, understated $260; Sales, overstated $130
C) Office Equipment, overstated $130; Sales, overstated $130
D) Office Equipment, overstated $130; Sales, understated $130
E) Office Equipment, overstated $260; Sales, understated $130

A $130 Credit to Office Equipment Was Credited to Sales