6> 9 As of March 31, Macon Company owes $500 to Boswell Co. for equipment rented during March. An entry was not previously recorded for this transaction and the equipment will be returned on April 2. If no adjustment is made for this item at March 31, how will Macon's financial statement be affected? Cash will be overstated at March 31. Net income for March will be overstated. Stockholders' equity will be understated. The financial statement will be accurate since the $500 does not have to be paid yet