Franklin Lighting Corp. provided energy consulting services and billed the client $2,500. As a result of this
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Question:
Franklin Lighting Corp. provided energy consulting services and billed the client $2,500. As a result of this event:
a.Only liabilitiesincreased by $2,500
b. Only assetsincreased by $2,500
c. Assets and stockholders' equity each increased by $2,500
d. Only stockholders' equity increased by $2,500
e. Assets, liabilities and stockholders' equity each increased by $2,500
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