Question
Comstock Company provided consulting services and billed the client $2,500. As a result of this event Select one: O A. assets remained unchanged. OB.
Comstock Company provided consulting services and billed the client $2,500. As a result of this event Select one: O A. assets remained unchanged. OB. assets increased by $2,500. O C. equity increased by $2,500 O D. Both assets and equity increased by $2,500. Equipment costing $20,000 is purchased by paying $5,000 cash and signing a note payable for the remainder. The journal entry should include a Select one: O A. debit to Notes Payable. B. credit to Cash. O C. credit to Notes Receivable. COD. credit to Equipment.
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