Assets Liabilities Common Stock Shareholders' Equity Retained Earnings $ In May, Rec Rooms, Inc., collected $8,000 owed by customers for services performed in April. Show the effect of this collection on the accounting equation. IF THERE IS NO EFFECT, SELECT "0 NO EFFECT." Assets Liabilities Shareholders' Equity A. 8,000 Cash; (8,000) Accounts Payable B. 8,000 Cash; (8,000) Accounts Receivable C. (8,000) Accounts Receivable D. 8,000 Accounts Receivable; (8,000) Cash E. O No Effect F. 8,000 Accounts Receivable G. 8,000 Cash H. 8,000 Accounts Payable