Consider the following transactions by a corporation:On July $5,$ billed a customer for $$6700$ for services performed on that day. On August $10,$ called the client to remind them of the balance owing on their bill.What is the effect on the balance sheet on August $10?$ Increase in accounts receivable of $$6,700,$ increase in equity of $$6,700$ Increase in cash of $$6,700,$ increase in retained earnings of $$6,700$ Increase in accounts receivable of $$6,700,$ increase in unearned revenue of $$6,700$ No effect