Geek Squad performs services for a customer and bills the customer for $500. How would Geek Squad
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Geek Squad performs services for a customer and bills the customer for $500. How would Geek Squad record this transaction?
a. Accounts receivable increase by $500; revenues increase by $500.
b. Cash increases by $500; revenues increase by $500.
c. Accounts receivable increase by $500; revenues decrease by $500.
d. Accounts receivable increase by $500; accounts payable increase by $500.
e. Accounts payable increase by $500; revenues increase by $500.
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