Multiple Choice
Franklin Trash Removal Company received a cash advance of $9,000 on December 1, 2013 to provide services during the months of December, January, and February. The year-end adjustment to recognize the partial expiration of the contract will
A) increase equity by $3,000
B) increase assets by $3,000
C) increase liabilities by $3,000
D) both A and B
Correct Answer:
Verified
Correct Answer:
Verified
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