A $300 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 $600; Fees Earned, overstated $300.
B. Supplies, understated $300; Fees Earned, overstated $300.
C. Supplies, overstated $300; Fees Earned, overstated $300.
D. Supplies, overstated $600; Fees Earned, understated $300.
E. Supplies, overstated $300; Fees Earned, understated $300.
Answer: C
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