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Accrued Expense On July 1, Abbot Co. performed $95,000 of programming services for Crockett Co. On July 28, Crockett Co. paid Abbot Co. $35,000 and

Accrued Expense On July 1, Abbot Co. performed $95,000 of programming services for Crockett Co. On July 28, Crockett Co. paid Abbot Co. $35,000 and agreed to pay the remainder on August 20 On July 31, the Financial Statements of Crockett Co. will show which of the following for these transactions? $60,000 increase in Current Assets, no change in Current Liabilities, $60,000 increase in Net Income $35,000 decrease in Current Assets; $60,000 increase in Current Liabilities, $95,000 decrease in Net Income Ce $95,000 increase in Current Assets, no change in Current Liabilities; $95,000 increase in Net Income $35,000 increase in Current Assets; $95,000 increase in Current Liabilities; $60,000 decrease in Net Income 02 " 13 @ 2 7: # 3 94 $ dtv 86 % 5 STA 9> g= de &7 Di 82 Th DO 19 8 61 70 910 0 GE FS1 319 = +

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