Multiple Choice
Customers paid $8,000 on their accounts.Which accounts are affected by this transaction?
A) Revenue and Retained Earnings increase $8,000.
B) Cash and Revenue increase $8,000.Liabilities and Expense increase $8,000.
C) Cash increases $8,000 and Accounts Receivable decreases $8,000.Revenue and Retained Earnings are unchanged.
D) Revenue and Retained Earnings decrease $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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