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How Would the Accounting Equation of Boston Company Be Affected

Question 116

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 revenue.
E) +$10,000 accounts receivable, -$10,000 revenue.

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