How many of the following transactions would increase total assets in the current period? (hint: think about the journal entries in the current period. Is the debited account an asset account? Is the credited account an asset account? Note that total assets will not change if both are asset accounts.) Collect cash from customer in the current period prior to providing service in the next period. Provide services to customer in the current period and receive cash at the time of service in the current period. Provide services in the current period on account to customer and expect to receive cash in the next period. Collect cash from customer in the current period for services provided on account in the previous period.

Select one:

A. One.

B. Two.

C. Three.

D. Four.