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A&M CoProvided Services of $1,000,000 to Clients on Account

Question 94

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A&M Co.provided services of $1,000,000 to clients on account.How does this transaction affect A&M's accounts?


A) Increase accounts receivable and cash by $1,000,000 each
B) Increase accounts receivable and revenues by $1,000,000 each
C) Increase accounts receivable and unearned revenues by $1,000,000 each
D) Increase cash and decrease accounts receivable by $1,000,000 each

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