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AAA Consulting Services collected $6,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will
| AAA Consulting Services collected $6,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will affect the companys ledger accounts? A. |
| Assets | = | Liabilities | + | Stockholders Equity | ||||
| Cash | + | Prepaid Rent | = | Unearned Revenue | + | Common Stock | + | Retained Earnings |
| 6,000 | 6,000 | |||||||
B.
| Assets | = | Liabilities | + | Stockholders Equity | ||||
| Cash | + | Prepaid Rent | = | Unearned Revenue | + | Common Stock | + | Retained Earnings |
| (6,000) | 6,000 | |||||||
C.
| Assets | = | Liabilities | + | Stockholders Equity | ||||
| Cash | + | Prepaid Rent | = | Unearned Revenue | + | Common Stock | + | Retained Earnings |
| 6,000 | 6,000 | |||||||
D.
| Assets | = | Liabilities | + | Stockholders Equity | ||||
| Cash | + | Prepaid Rent | = | Unearned Revenue | + | Common Stock | + | Retained Earnings |
| 6,000 | (6,000) | |||||||
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