If Abc Service Collects 50 000 From Customers On Account A Total Assets Are Unch

If ABC Service collects $50,000 from customers on accountA) total assets are unchangedb) liabilities increasesc) owners equity decreasesd) onwers equity increases

Question:If ABC Service collects $50,000 from customers on accountA) total assets are unchangedb) liabilities increasesc) owners equity decreasesd) owner’s equity increasesSolution:…

 

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