Mackie Company Provided $25,500 of Services on Account, and Collected

Multiple Choice

Mackie Company provided $25,500 of services on account, and collected $18,000 from customers during the year. The company also incurred $17,000 of expenses on account, and paid $15,400 against its payables. As a result of these events.

A) total assets would increase
B) total liabilities would increase
C) total equity would increase
D) all of the above are correct