Question 30 incorrect Mark 0.00 out of 1.00 P Flag question Edit Question The accountant at Bewildered Company recorded the purchase of $1,200 of supplies for cash as a debit to Supplies for $1.200 and a credit to Accounts Payable for 51,200. Determine the effect of this error on the accounting equation of Bewildered Company Select one: A. Total Liabilities will be understated by 51,200 B. Total Equity would be overstated by $1,200 C. Total Equity would be understated by $1,200 D. Total Assets would be overstated by 51,200 x