Question: 8 . On March 3 1 2 0 2 3 , Sample Company paid $ 4 , 0 0 0 rent for their cell phone
On March Sample Company paid $ rent for their cell phone site. This payment was recorded as rental expense, covered the period April to March If no adjusting entry was prepared at the end of the fiscal year July June Sample Companys profit would be:
a Overstated by $
b Understated by $
c Unchanged
d Understated by $
e None of the above
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