What is the effect of the following business activity on the element indicated? A customer pays $1,500
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Question:
What is the effect of the following business activity on the element indicated?
A customer pays $1,500 cash for services to be performed over the next 6 months. --- Equity
Question 4 options:
1)
increase to one and decrease to another
2)
decrease
3)
increase
4)
no effect
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