Culvers received $24,000 cash on its accounts receivable. The impact of this transaction is:

Multiple Choice

Total assets decrease and equity increases.

Total assets, total liabilities, and equity are unchanged.

Total assets increase and equity decreases.

Both total assets and equity are unchanged and liabilities increase.

Both total assets and total liabilities decrease.

Culvers received $24,000 cash on its accounts receivable. The impact of this transaction is: Multiple Choice Total assets decrease and equity increases. Total assets, total liabilities, and equity are unchanged. Total assets increase and equity decreases. Both total assets and equity are unchanged and liabilities increase. Both total assets and total liabilities decrease