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Company G received $ 2 , 0 0 0 from a customer as an advance payment for services to be provided in the future. How
Company G received $ from a customer as an advance payment for services to be provided in the future. How does this transaction affect the company's balance sheet?
Options:
A Increase in Cash and Increase in Revenue
B Increase in Cash and Increase in Liabilities
C Increase in Cash and Decrease in Liabilities
D Increase in Cash and Increase in Equity
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