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Hamilton Lawn Service Earned $1,000 for Services Rendered and Collected

Question 154

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Hamilton Lawn Service earned $1,000 for services rendered and collected cash from its customer.What is the effect on accounts?


A) Cash account increases; Accounts payable increases.
B) Cash account increases; Accounts receivable increases.
C) Cash account increases; Supplies account decreases.
D) Cash account increases; Owner's capital account increases.

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