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

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Definitions:

Prosocial Behavior

Behaviors that are intended to benefit others, including acts of kindness, helping, and generosity.

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Benefit People

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