Payment for merchandise sold on credit for $100 subject to 1/10 n/30 was received within the discount

periodlong dash$99

was received. This was recorded with a debit to Sales Discounts for $1, a debit to Cash for $99, and a credit to Accounts Receivable $100, but no mention was made of the subsidiary ledger account. This error will cause:

A.

the assets to be overstated.

B.

the net income for the period to be overstated.

C.

the control account to not agree with the subsidiary ledger.

D.

the net income for the period to be understated.