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Davis notices that whenever the company's electric and water bills are paid, Accounts Payable is credited and Cash is debited. This has resulted in Accounts

Davis notices that whenever the company's electric and water bills are paid, Accounts Payable is credited and Cash is debited. This has resulted in Accounts Payable being ________ and Cash being ________. Select answer from the options below overstated; overstated overstated; understated understated; overstated understated; understated

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