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How Would the Accounting Equation of Boston Company Be Affected

Question 129

Multiple Choice

How would the accounting equation of Boston Company be affected by the billing of a client for $10,000 of consulting work completed?


A) +$10,000 accounts receivable,-$10,000 accounts payable.
B) +$10,000 accounts receivable,+$10,000 accounts payable.
C) +$10,000 accounts receivable,+$10,000 cash.
D) +$10,000 accounts receivable,+$10,000 consulting revenue.
E) +$10,000 accounts receivable,-$10,000 consulting revenue.

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