Question
If Houston Company billed a client for $12,000 of consulting work completed, the accounts receivable asset increases by $12,000 and: A. Revenue decreases $12,000. B.
If Houston Company billed a client for $12,000 of consulting work completed, the accounts receivable asset increases by $12,000 and:
A. Revenue decreases $12,000.
B. Cash increases $12,000.
C. Accounts payable increases $12,000.
D. Revenue increases $12,000.
E. Accounts payable decreases $12,000.
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Fundamentals Of Oil And Gas Accounting
Authors: Charlotte J. Wright, Rebecca A. Gallun
5th Edition
1593701373, 978-1593701376
