Business, 08.09.2020 14:01 makayladurham19

Explain how the following general journal entry affects the accounting equation. Accounts receivable 500 Service revenue 500
A) Liabilities increase and equity decreases.
B) Assets increase and equity decreases.
C) Both liabilities and assets increase.
D) Both assets and equity increase.

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Explain how the following general journal entry affects the accounting equation. Accounts receivabl...

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