State which accounting assumption has been violated in each of the following independent situations: Situation Accounting assumption which has been violated Purchase invoices received in June 2020 have been recorded in July 2020. Accounting Entity Period Going Concern Accrual Basis Service provided to a customer in June was not recorded because customer has not paid cash yet. The owner of Hair Salon instructed the accountant to record the payment of electricity for her house as a business expense. Land acquired at a cost of $400,000 is shown in the balance sheet at its liquidation value of $350,000. > Loan advanced to Sweet Cakes in June was recorded in July