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Chapter 03 without answers to MC questions. PowerPoint Review ACROBAT Tell me what you want to do... Play Harvations Use Things Show Media Controls Splendid Of Splendid On Splendid Demo During December of Year 1, Acme Inc. received a $1,500 invoice from its CPA for consulting services rendered. Acme pays the CPA in January of Year 2 without incurring any interest charges, How did the $1,500 charges affect Acme's accounts on December 31, Year 1? a. Increase accounts payable and decrease in cash by $1,500 each b. Increase accounts payable and expenses by $1,500 each c. Increase accounts payable and deferred expenses by $1,500 each d. No effe since cash has not been paid 57 add notes Notes P2 e