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Chaffin Consulting performed consulting services during June 2012 on account and collections for these services were not received until August 2012. What effect did performing
Chaffin Consulting performed consulting services during June 2012 on account and collections for these services were not received until August 2012. What effect did performing these services have on the accounting equation for June 2012?
I know that it increases in assets, but why it increases in stockholder's equity?
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