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In January 20X1, before closing the books for 20X0, you notice that the December 20X0 utility bill of $600 was neither paid nor recorded. What

  1. In January 20X1, before closing the books for 20X0, you notice that the December 20X0 utility bill of $600 was neither paid nor recorded.
  2. What is the correcting journal entry?
  3. If no correcting journal entry is recorded, how are the 20X0 income statement and balance sheet, respectively, affected?

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