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company forgot to make the appropriate adjusting entry to record accrued utility expense. How would this error affect the accounting equation?AssetsNo EffectLiabilitiesUnderstated + Shareholders'EquityOverstated

company forgot to make the appropriate adjusting entry to record accrued utility expense. How would this error affect the accounting equation?AssetsNo EffectLiabilitiesUnderstated

+

Shareholders'EquityOverstated

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