ABC Company experienced an accounting event that is shown in the following T-accounts: Account Receivable Service Revenue 3,000 I I 3,000 Which of the following reflects how this event affects the company’s financial statements? 9 O Assets = ljab. 4- Equity Rev. – Exp. = Net Inc.A + NA NA + – -i_O Assets = ljab. 1- Equity Rev. – Exp. = Net Inc.A + NA NA NA NA0 Assets: Liab. 4- Equity Rev. Exp. = Net Inc. Cash—lowO Assets = ljab. 4- Equity Rev. – Exp. = Net Inc. Cash Flow+ NA + NA NA NA + FA

Leave a Reply

Your email address will not be published. Required fields are marked *