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The Pandora Company made the following errors on 12/31/19: Recorded the expiration of prepaid insurance by debiting Sales Revenue and crediting Accumulated Depreciation for $11.

The Pandora Company made the following errors on 12/31/19:

  • Recorded the expiration of prepaid insurance by debiting Sales Revenue and crediting Accumulated Depreciation for $11.
  • Recorded the purchase of Treasury Stock by debiting Accounts Payable and crediting Cash for $8.

12/31/19 Total Stockholders' Equity is in error by:

Select one:

a.$3

b.$19

c.$11

d.$6

e.$8

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