Question 1 (1 point) Bagley AC Repair Company began August with Accounts Receivable totaling $3,200. During August, the company performed repair services and billed its customers a total of $11,500 and collected amounts due totaling $10,200. Use the following tabular analysis to determine the net effect of these transactions. Liabilities + Stockholders' Equity Common Retained Earnings Cash + Acets. Res. Rev. Exp. Assets Accts. Pay. + Stock Increase Accounts Payable by $1,300, increase cash by $10,200 and increase Revenue by $11,500. Increase Cash by $11,500 and increase Revenue by $11,500. Increase Accounts Receivable by $1,300, increase Cash by $10,200 and increase Revenue by $11,500. Increase Accounts Receivable by $11,500, increase Cash by $10,200 and increase Revenue $11,500