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Horizon Company, an Internet Service Provider, Has 1,000,000 Customers

Question 12

Multiple Choice

Horizon Company, an internet service provider, has 1,000,000 customers. The customers make electronic payments of $70 each for that month's service on the last day of each month. Horizon Company does not send any bills to their customers.
The company's transaction on the day they receive the payment will include:


A) An increase to Internet Service Revenue for $70,000,000
B) An increase to Accounts Receivable for $70,000,000
C) A decrease to Accounts Receivable for $70,000,000
D) A decrease to Internet Service Expense for $70,000,000

Correct Answer:

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