on feb 16th miller co, received 58,000 in cash for services that miller co will perform in May what is the effect on the account equation increase assets, increase liabilities increase assets, decrease liabilites increase assets, increase retained earnings decrease assets, increase retained earnings

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on feb 16th miller co, received 58,000 in cash for services that miller co will perform in May. what is the effect on the account

on feb 16th miller co, received 58,000 in cash for services that miller co will perform in May. what is the effect on the account equation?

increase assets, increase liabilities
increase assets, decrease liabilites
increase assets, increase retained earnings
decrease assets, increase retained earnings

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