AAA Consulting Services collected $6,000 cash for services to be provided in the future Which of the following shows how recognizing the cash receipt will affect the companys ledger accounts A Assets Liabilities Stockholders Equity Cash Prepaid Rent Unearned Revenue Common Stock Retained Earnings 6,000 6,000 B Assets Liabilities Stockholders Equity Cash Prepaid Rent Unearned Revenue Common Stock Retained Earnings (6,000) 6,000 C Assets Liabilities Stockholders Equity Cash Prepaid Rent Unearned Revenue Common Stock Retained Earnings 6,000 6,000 D Assets Liabilities Stockholders Equity Cash Prepaid Rent Unearned Revenue Common Stock Retained Earnings 6,000 (6,000)

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Question: AAA Consulting Services collected $6,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will

AAA Consulting Services collected $6,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will affect the companys ledger accounts?

Assets			=	Liabilities	+	Stockholders Equity
Cash	+	Prepaid Rent	=	Unearned Revenue	+	Common Stock	+	Retained Earnings
6,000				6,000

Assets			=	Liabilities	+	Stockholders Equity
Cash	+	Prepaid Rent	=	Unearned Revenue	+	Common Stock	+	Retained Earnings
				(6,000)				6,000

Assets			=	Liabilities	+	Stockholders Equity
Cash	+	Prepaid Rent	=	Unearned Revenue	+	Common Stock	+	Retained Earnings
6,000								6,000

Assets			=	Liabilities	+	Stockholders Equity
Cash	+	Prepaid Rent	=	Unearned Revenue	+	Common Stock	+	Retained Earnings
				6,000				(6,000)

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