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 an increase 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 reclassification of short-term debt to long-term debt and the collection of cash for future services.