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Speedy Window Cleaning Received $600 for Window Cleaning Services Provided

Question 15

Multiple Choice

Speedy Window Cleaning received $600 for window cleaning services provided. Which of the following represents the effect on the accounting equation?


A) Increase in assets of $600; increase in equity of $600.
B) Increase in assets of $600; decrease in assets of $600.
C) Increase in assets of $600; increase in liabilities of $600.
D) Decrease in assets of $600; decrease in equity of $600.

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