On May $10$ a cash sale of $$500$ is recorded as a debit to Cash and a credit to Accounts Receivable.

If a correcting entry is not made,

Select one:

a$.$ assets are understated and revenues are overstated.

b$.$ assets are overstated and revenues are understated.

c$.$ assets are understated and revenues are understated.

d$.$ assets are overstated and revenues are overstated.

Clear my choice