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XYZ company provided service of account to numbers corp. on decemeber 31,2022. Numbers corp agreed to pay XYZ company in cash on January 15, 2023.

XYZ company provided service of account to numbers corp. on decemeber 31,2022. Numbers corp agreed to pay XYZ company in cash on January 15, 2023. What is the impact of this transactions for XYZ company in 2022?

No effect on total assets, total liabilites, or sockholders equity

Total assets increased, total stockholders equity increases

total asset increases, total liabilites increase

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