Victoria Received $1,000 from Customers in Partial Payment for Accounting

question 65

Multiple Choice

Victoria received $1,000 from customers in partial payment for accounting services performed previously. The recording of this transaction would:

• A) increase Cash and Victoria's Capital $1,000.
• B) increase Cash and decrease Accounts Receivable $1,000.
• C) increase Cash and increase Accounts Receivable $1,000.
• D) decrease Accounts Receivable and increase Victoria's Capital $1,000.