A company forgot to make the appropriate adjusting entry to record accrued utility expense. How would this error affect the accounting equation? Assets: No Effect Liabilities: Overstated Stockholders' Equity: Understated O Assets: Overstated Liabilities: No Effect Stockholders' Equity: Overstated O Assets: Understated Liabilities: Overstated Stockholders' Equity: Understated Assets: No Effect Liabilities: Understated Stockholders' Equity: Understated O Assets: No Effect Liabilities: Understated Stockholders' Equity: Overstated