revenues are OA Earned and recorded as liabilities before they are received. OB. Earned but not yet received or recorded. OC. Received and recorded as liabilities before they are earned. OD. Earned and already received and recorded. QUESTION 5 Ruwais Company received $ 65,500 of its accounts receivable in cash. What would be the effects of this transaction on equation? OA. Liabilities, $65,500 decrease; equity, $65,500 increase. B. Assets, $65,500 decrease; liabilities, $65,500 decrease. OC. Asset, $65,500 decrease; asset, $65,500 increase. OD. Assets, $65,500 decrease; equity $65,500 decrease. 1