If a company receives $11,600 from a client for services provided, the effect on the accounting...

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If a company receives $11,600 from a client for services provided, the effect on the accounting equation would be: Multiple Choice Assets increase $11,600 and liabilities decrease $11,600. Liabilities increase $11,600 and equity decreases $11,600. Assets increase $11,600 and liabilities increase $11,600. Assets decrease $11,600 and equity decreases $11,600. Assets increase $11,600 and equity increases $11,600. If a company receives $11,600 from a client for services provided, the effect on the accounting equation would be: Multiple Choice Assets increase $11,600 and liabilities decrease $11,600. Liabilities increase $11,600 and equity decreases $11,600. Assets increase $11,600 and liabilities increase $11,600. Assets decrease $11,600 and equity decreases $11,600. Assets increase $11,600 and equity increases $11,600.