Question 19 of 29 Question 19 3 points A sales tax of 5 in effect for a company. The company is a product on credit. The before-tax price of the product is $32,000. The company records both the sales tax and the sales amount in the sales account at the time of sale. Which of the following are correct if the required adjusting entry is skipped? Sales revenue is understated by 51.600 Sales revenue is overstated by $1.500 Sales Taxes Payable is understated by $1.500 M Sales Taxes Payable is overstated by 51.600. O and Band . and Dand Which of the following statements is/are correct? Amortization of discount on bonds payable increases the carrying value of bonds payable m) Amortization of discount on bonds payable reduces stockholders' equity OA only OB. D) only O CO and () OD. None of the above