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Franklin Trash Removal Company received a cash advance of $10,800 on December 1, 2013 to provide services during the months of December, January, and February.

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Franklin Trash Removal Company received a cash advance of $10,800 on December 1, 2013 to provide services during the months of December, January, and February. The year-end adjustment to recognize the partial expiration of the contract will Multiple Choice increase equity by $3.600 increase assets by $3,600 increase liabilities by $3,600 Increase Equity by $3.600 and assets by $3.600

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