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Hamilton Lawn Service Earned $1,000 for Services Rendered

Question 68

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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) Accounts receivable decreases; Owner's capital increases.
B) Cash and Accounts receivable both increase.
C) Cash account increases; Accounts receivable decreases.
D) Accounts receivable increases; Owner's capital increases.

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