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During March, the Meade Consulting Corporation provides $23,000 in consulting services of which $12,000 is collected immediately and 511,000 is on actount. The effects of
During March, the Meade Consulting Corporation provides $23,000 in consulting services of which $12,000 is collected immediately and 511,000 is on actount. The effects of this transaction on Meade Consulting Corporation's accounts are: Select one a cash increases by 512,000, Accounts Receivable increases by 511,000: Revenue increases by $23,000. 1. Accounts Receivable increases by 511.000: Revenue increases by 12,000, Contributed capital increases by 31.000 Cash increases by 512.000, Uneamed Revenue increases by $11.000 Revenue increases by $23.000 d. Accounts Receivable increases by $12,000, Accounts Payable increases by 511,000 Revenue increases by $1,000
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