SRJ Corporation Entered into the Following Transactions: • the Accrual

Multiple Choice

SRJ Corporation entered into the following transactions: • The accrual of interest expense on a six-month note payable.
• Collected cash for services to be provided within the next six months.
• The reclassification of short-term debt to long-term debt.
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Which of the transactions for SRJ Corporation resulted in a decrease in working capital?

A) The accrual of interest expense.
B) Collecting cash for services to be provided in the future.
C) Collecting cash on accounts receivable.
D) Both the accrual of interest expense and collecting cash for services to be provided in the future.