Gena's Cleaning Services Performs Services for Its Customers During March

question 232

Multiple Choice

Gena's Cleaning Services performs services for its customers during March.Payments for the March services are received in June.How does the transaction for the collection of cash from customers affect the accounting equation of Gena's Cleaning Services?

• A) liabilities increase and assets increase
• B) total assets remain the same
• C) assets increase and revenues increase
• D) assets increase and equity decreases

---

Definitions:

RNA

Ribonucleic acid, a nucleic acid present in all living cells that acts as a messenger carrying instructions from DNA for controlling the synthesis of proteins.

Structural Component

An element or part of a larger structure, which contributes to its build and integrity.

Carbohydrates

Organic compounds, consisting of carbon, hydrogen, and oxygen, that serve as a major energy source for the body; includes sugars, starches, and fibers.

Peptide Bond

Chemical bond between amino acids.