Question: A company performed $ 1 7 , 2 7 0 of services and received $ 6 , 0 0 0 in cash with the remaining

A company performed $17,270 of services and received $6,000 in cash with the remaining amount to be paid in 60 days with no interest. What would the effect of this transaction on the company's current month-end accounting equation?
A) $11,270 increase in Assets; No effect on Liabilities; $11,270 increase in Stockholders' Equity
B) $6,000 increase in Assets; $11,270 decrease in Liabilities; $17,270 increase in Stockholders' Equity
C) $17,270 increase in Assets; No effect on Liabilities; $17,270 increase in Stockholders' Equity
D) $17,270 increase in Assets; $17,270 increase in Liabilities; No effect on Stockholders' Equity
A company performed $ 1 7 , 2 7 0 of services and

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