Go Big Red Retail Store Collected $16,000 of Its Accounts

Multiple Choice

Go Big Red Retail Store collected $16,000 of its accounts receivable. The expanded accounting equation changes include:

A) Cash and Capital increase $16,000.
B) Cash and Revenue increase $16,000.
C) Cash increases and Accounts Receivable decreases $16,000.
D) Accounts Receivable decreases and Capital increases $16,000.