If Houston Company Billed a Client for $10,000 of Consulting

Multiple Choice

If Houston Company billed a client for $10,000 of consulting work completed, the accounts receivable asset increases by $10,000 and:

A) Accounts payable increases $10,000.
B) Revenue decreases $10,000
C) Accounts payable decreases $10,000.
D) Cash increases $10,000.
E) Revenue increases $10,000.