How Would the Accounting Equation of Boston Company Be Affected

question 129

Multiple Choice

How would the accounting equation of Boston Company be affected by the billing of a client for $10,000 of consulting work completed?

• A)+$10,000 accounts receivable,-$10,000 accounts payable.
• B)+$10,000 accounts receivable,+$10,000 accounts payable.
• C)+$10,000 accounts receivable,+$10,000 cash.
• D)+$10,000 accounts receivable,+$10,000 consulting revenue.
• E)+$10,000 accounts receivable,-$10,000 consulting revenue.

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