=+2. On January 24, 2009, Niche Consulting collected

$5,700 it had billed its clients for services rendered on December 31, 2008. How would you record the Janu¬

ary 24 transaction, using the accrual basis?

A. Increase Cash, $5,700; decrease Fees Earned,

$5,700 B. Increase Accounts Receivable, $5,700; increase Fees Earned, $5,700 C. Increase Cash, $5,700; decrease Accounts Receiv¬

able, $5,700 D. Increase Cash, $5,700; increase Fees Earned,

$5,700