Question 20 (3 points) If a company incorrecsy records a payment as an expense instead of an asset. how will this error affect met income in the current period? a) No possible to determine O b) Net income will be too high Oc) Nat income will become O d) Net income will be too low Question 21 (3 points) If a company records cash received for services to be provided in the future with a debit to Cash and a credit to Service Revenue, how will this error affect net income for the current period? a) Net income will be too high b) Not income will be correct c) Net income will be too low. d) Not possible to determine Question 22 (3 points) Grove Interiors shipped the wrong shade of fabric to a customer. The customer refused to accepted the order and shipped the fabric back. This is an example of a: a) Sales allowance. Ob) Sales return. Oc) Sales discount. d) Sales revenue