A doctor performed surgery in March and did not receive cash from the patient until July. Under accrual accounting, the doctor recognizes revenue: O A in July OB. In March Oc. in either March or July OD. at a time that cannot be determined from the facts Connar Company reports the following accounts and balances at year end: Long-Term Notes Payable $150,000 Accounts Receivable $32,000 Accounts Payable $37,000 Building $55,000 Cash and Cash Equivalents $80,000 Salaries Expense $20,500 Common Stock $22,000 Interest Payable $1,500 Land $40,000 Short-term Investments $8,000 O A. $143,000 OB. $112,000 c. $128,000 OD. $80,000 A company received a utility bill for $1,800 and decided to pay it next month due to a shortage of cash. How does this transaction affect the accounting equation? O A. Add $1,800 to Accounts Payable and subtract $1,800 from Retained Eamings. OB. Add $1,800 to Accounts Receivable and subtract $1,800 from Retained Eamings OC. Subtract $1,800 from Cash and add $1,800 to Accounts Payable. OD. Add $1,800 to Utilities Expense and add $1,800 to Cash