If services are rendered for cash, then
A)assets will increase.
B)liabilities will increase.
C)stockholders' equity will decrease.
D)liabilities will decrease.

Name: If services are rendered for cash, then A)assets will increase. B)liabilities will increase. C)stockholders' equity will decrease. D)liabilities will decrease.
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Question

Quizplus · Accepted Answer

When services are rendered for cash, the cash account (an asset) increases, as the company receives cash in exchange for the services provided.

If Services Are Rendered for Cash, Then