Customers Made Payments Totaling $8,000 on Their Accounts

Multiple Choice

Customers made payments totaling $8,000 on their accounts.Which accounts are affected by this transaction?

A) Service Revenue and Retained Earnings increase by $8,000.
B) Cash and Service Revenue increase by $8,000. Liabilities and Customer Expense increase by $8,000.
C) Cash increases by $8,000 and Accounts Receivable decreases by $8,000. Revenue and Retained Earnings are unchanged.
D) Cash and liabilities decrease by $8,000.