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) 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.
Correct Answer:

Verified
Correct Answer:
Verified
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