Multiple Choice
Hamilton Lawn Service earned $1 000 for services rendered.The customer promised to pay at a later time.What is the effect on accounts?
A) Cash account increases;Accounts receivable decreases.
B) Accounts receivable increases;Owners' capital increases.
C) Cash and Accounts receivable both increase.
D) Accounts receivable decreases;Owners' capital increases.
Correct Answer:

Verified
Correct Answer:
Verified
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