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  3. a company recorded the $19,000 adjusting entry for

A company recorded the $19,000 adjusting entry for accrued interest revenues on monies it loaned...

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Question

Accounting

  1. A company recorded the $19,000 adjusting entry for accrued interest revenues on monies it loaned by debiting liabilities and crediting assets $19,000. Total owners' equity is

a.)$19,000 understated

b.)$19,000 overstated

c.)$38,000 overstated

d.)$38,000 understated

e.)Correctly stated

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