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Corp. provided consulting services and billed the client $2,500. No cash was received. As a result of this event, a. assets remained unchanged. b. nothing
Corp. provided consulting services and billed the client $2,500. No cash was received. As a result of this event,
a. assets remained unchanged.
b. nothing was recorded since no cash was received.
c. only assets were increased by $2,500.
d. both assets and equity increased by $2,500.
Explain your answer in detail.
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