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X Company received the June utility bill on June 30th, and paid it on July 15th. No adjusting entry was made in June for utility

X Company received the June utility bill on June 30th, and paid it on July 15th. No adjusting entry was made in June for utility expenses. As a result, June's assets, liabilities, owners' equity, and net income, respectively, were

Question 1 options:

	overstated; overstated; correct; correct
	correct; understated; overstated; overstated
	overstated; correct; overstated; overstated
	overstated; understated; correct; correct

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