During fiscal 2016, plastics and synthetic resins company recorded cash of $87,800 from customers for accounts receivable collections. which of the following financial statement effects template entries captures this transaction?
balance sheet income statement cash assets + noncash assets=liabilities +contributed +earned revenues-expenses=net incomecapital capital a. balance sheet income statementcash assets + noncash assets = liabilities + contributed + earned revenues - expenses =net incomecapital capital +87,800 +87,800 +87,800 - = +87,800b. balance sheet income statementcash assets + noncash assets = liabilities + contributed + earned revenues - expenses =net incomecapital capital +87,800 -87,800 (ar)c. balance sheet income statementcash assets + noncash assets = liabilities + contributed + earned revenues - expenses =net incomecapital capital +87,800 (ar) +87,800 +87,800 - = +87,800d. balance sheet income statementcash assets + noncash assets = liabilities + contributed + earned revenues - expenses =net incomecapital capital -87,800 +87,800 (ar)