Multiple Choice
Carrie billed her legal clients $5,000 for legal work completed during the month. This transaction will
A) cause a $5,000 increase in revenues and liabilities.
B) cause a $5,000 increase in revenues and a decrease in liabilities.
C) cause a $5,000 increase in assets and revenues.
D) not be recorded until the cash is collected.
Correct Answer:
Verified
Correct Answer:
Verified
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