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P&P Accountants, an audit firm, bills $35,000 to AQG Industries for audit work performed related to the annual audit. P&P requests payment in 15

 










P&P Accountants, an audit firm, bills $35,000 to AQG Industries for audit work performed related to the annual audit. P&P requests payment in 15 days. How would this impact the accounting equation of P&P?

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