Dropped iPhone4S in water, still works?

Yesterday I dropped my phone in some water, but only for a few seconds. I quickly got it out, took off the case and dried everything with a towel and I checked the water sensors but they weren't pink at all or anything. My case for the iphone is like a wallet flip case so it was kind of covering some of the functions and everything. I checked if the phone was still working and it was completely fine. I checked just now again and everything is still all right, volume is working, no glitches, etc. I just put it in a bag of rice to be safe, but do you think it'll be all right?

Yes I think it will work

Yes. Better keep it switched off for around 3 hours till it dries completely. Since water is a good conductor of electricity, it will harm your phone if not dried properly.

Yes a case like that which covers the phone and the rice trick will always work specially if it wasn't in water for long
You are very lucky having no damage though!

Should work fine