13 (1 point) What would be the effect on December's statement of earnings of a utility bill received on December 27, 2019 but which will not be paid until January 10, 2020? Recording the expense in December when it is incurred will increase expenses. No expense will be recognized until the bill is paid in January. This would cause an increase in profit by recording the expense in December. Profit will be decreased when we pay the bill in January