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.
Which of the above transactions 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) The reclassification of short-term debt to long-term debt.
D) Both the accrual of interest expense and the reclassification of short-term debt to long-term debt.