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Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that
Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Customers paid $1,400 cash for services to be provided next month. 1) Decrease Accounts Receivable 2) Decrease Deferred Revenue 3) Increase Service Revenue 4) Decrease Cash 5) Decrease Accounts Payable 6) No entry required 7) Increase Accounts Payable 8) Increase Cash 9) Increase Deferred Revenue 10) Increase Accounts Receivable 11) Decrease Service Revenue
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