This Month,a Company Performed $517,000 of Services and Incurred Total

Multiple Choice

This month,a company performed $517,000 of services and incurred total expenses of $438,000.The company was paid in cash for all its services and paid cash for all its expenses.These transactions would cause:

A) revenues to increase by $517,000,expenses to increase by $438,000,and Retained Earnings to decrease by $79,000.
B) Cash to increase by $517,000,expenses to increase by $438,000,and Common Stock to increase by $79,000.
C) revenues to increase by $517,000,expenses to increase by $438,000,and Cash to increase by $79,000.
D) revenues to increase by $79,000,expenses to increase by $438,000,and Cash to increase by $517,000.