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Williams Travel Service performed travel booking services for a customer on account for $ 1 , 2 0 0 . How would this transaction affect

Williams Travel Service performed travel booking services for a customer on account for $

1, 200 .

How would this transaction affect the accounting equation?

Answer

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Assets increase and Liabilities increase.

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Assets increase and Equity decreases.

Unselected

Assets increase and Equity increases.

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