Question: Indicate whether the following error would cause the accounting equation to be out of balance and, if so, indicate how it would be out of

Indicate whether the following error would cause the accounting equation to be out of balance and, if so, indicate how it would be out of balance. The payment of utilities of $1,200 was recorded as a decrease in cash of $1,200 and a decrease in retained earnings (utilities expense) of $2,100.

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