Customers Paid $8,000 on Their Accounts

Multiple Choice

Customers paid $8,000 on their accounts. Which accounts are affected by this transaction?

A) Revenue and Retained Earnings increase $8,000.
B) Cash and Revenue increase $8,000. Liabilities and Expense increase $8,000.
C) Cash increases $8,000 and Accounts Receivable decreases $8,000. Revenue and Retained Earnings are unchanged.
D) Cash and Retained Earnings increase $8,000.