Illusions, Inc

question 59

Multiple Choice

Illusions, Inc. provided $27,000 worth of services for cash. Which of the following best describes the effect on the expanded accounting equation?

• A)Total Assets and total Liabilities will increase.
• B)Total Assets and total Revenue will increase.
• C)Total Liabilities will increase and total Revenue will decrease.
• D)Total Assets will decrease and total Liabilities will increase.

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