Thanks Dave! Turn it off and back on to reboot with correct time update is correct.
Turn it off and back on it should update the time based on where you are. It takes a few seconds once it comes back on.
I got to that point. The only thing I could not was select it 12 or 24 hours display and format for the date. I could not reset the time, month or year.
Open Settings > Phone settings > Date and time.
You should be able to correct your time there.
Try it and let us know how it goes.