Question 4 2 pts Raptas Company recognized the payment of employee salaries as a debit to Salary Expense and a credit to Retained Earnings. As a result of this error Both Cash and Retained tamnings are overstated. Both Cash and Retained Earnings are understated Cash is overstated and Retained Earnings is understated. Cash is understated and retained Earnings is overstated Question 5 2 pts Business entities that have more than one owner, are not separate legal entities from their owners and do not pay federal income taxes at the company level are: Sole proprietorships Partnerships Corporations Limited liability companie