Question: On April 15^(th ), Franecki Ltd received $45,000 in cash from Cronin Corp for services that Franecki Ltd performed on the same day. What is the effect on the expanded accounting equation?\\nDecrease Cash $45,000; Increase Revenue $45,000\\nDecrease Cash $45,000; Decrease Revenue

On April

15^(th )

, Franecki Ltd received

$45,000

in cash from Cronin Corp for services that Franecki Ltd performed on the same day. What is the effect on the expanded accounting equation?\\nDecrease Cash

$45,000

; Increase Revenue

$45,000

\\nDecrease Cash

$45,000

; Decrease Revenue

$45,000

\\nIncrease Cash

$45,000

; Increase Revenue

$45,000

\\nIncrease Cash

$45,000

; Decrease Revenue

$45,000 

Transcribed Image Text:

On April 15th, Franecki Ltd received $45,000 in cash from Cronin Corp for services that Franecki Ltd performed on the same day. What is the effect on the expanded accounting equation? Decrease Cash $45,000; Increase Revenue $45,000 Decrease Cash $45,000; Decrease Revenue $45,000 Increase Cash $45,000; Increase Revenue $45,000 Increase Cash $45,000; Decrease Revenue $45,000 On April 15th, Franecki Ltd received $45,000 in cash from Cronin Corp for services that Franecki Ltd performed on the same day. What is the effect on the expanded accounting equation? Decrease Cash $45,000; Increase Revenue $45,000 Decrease Cash $45,000; Decrease Revenue $45,000 Increase Cash $45,000; Increase Revenue $45,000 Increase Cash $45,000; Decrease Revenue $45,000