QUESTION 8 On Saturday, June 30, BD Pool Supplies sold merchandise to E. Luang on account. The sales price was $6.400, and the cost of goods sold was 55,300. The sales revenue was recorded immediately, but the entry recording the cost of goods sold was dated Monday, July O overstated by $6.400 O overstated by $5.300 O overstated by $1,100 O not affected, but the net income for July is understated