Business, 19.05.2020 21:01 kyronthomas52
A company performed $8,635 of services and received $3,000 in cash with the remaining amount to be paid in 60 days with no interest. What would the effect of this transaction on the company's current month-end accounting equation? $5,635 increase in Assets; No effect on Liabilities; $5,635 increase in Stockholders' Equity $8,635 increase in Assets; No effect on Liabilities; $8,635 increase in Stockholders' Equity $8,635 increase in Assets; $8,635 increase in Liabilities; No effect on Stockholders' Equity $3,000 increase in Assets; $5,635 decrease in Liabilities; $8,635 increase in Stockholders' Equity
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