arir , Chapter,1.2 C | eztomi,education com/hmtpe onnect ACCOUNTING instructions I help 1-Chepters 1, 2, 3 | Save & Exit 11 Submit volue 1.00 points MC Qu. 133 During March, the Long Life Consulting During March, the Long Life Consulting Company provides $38,000 in consulting services for a custome The customer paid $19,000, the other $19000 was on account. Which of the following statements about these transactions is correct? O Cash increases by $19000. Accounts Receivable increases by $19000, and Consulting Revenue increase by $38,000 O Cash increases by $19,000. Consulting Revenue increases by $19000, and Accounts Receivable increases by $38,000 O Revenues increase by $19,000, labilities decrease by $19,000, and stockholders' equlity is unchanged. O Accounts Receivable increases by $19,000, Liabilities decrease by $19,000, and Stockholders' Equity increases by $38,000 MC Ou. 133 During March, the Long Life Consulting Multiple Choice our in structora awes ten