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When cash is received from a customer as payment on an accounts receivable balance, what is the effect on the accounting equation? O Decrease assets
When cash is received from a customer as payment on an accounts receivable balance, what is the effect on the accounting equation? O Decrease assets (cash) and increase assets (accounts receivable) Increase assets (cash) and decrease assets (accounts receivable) Increase assets and increase liabilities O Increase assets and increase equity The investment of cash in the business from an outside investor will result in which of the following? An increase in cash and a decrease in equity An increase in fees earned and an increase in equity A decrease in cash and a decrease in liabilities An increase in cash and an increase in equity
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