Jane Is an Osteopath Operating as a Sole Proprietor

Multiple Choice

Jane is an osteopath operating as a sole proprietor.On 1 February she treats a patient on credit whom she invoices for $120.On 10^th of February the patient pays his account and Jane banks the $120.The effect of the receipt of cash transaction on the accounting equation for Jane's practice is:

A) Increase in cash at bank $120,decrease in asset accounts receivable $120
B) Increase in cash at bank $120,increase in equity $120
C) Increase in cash at bank $120,increase in asset accounts receivable $120
D) Increase in cash at bank $120,decrease in accounts payable $120