Assets

Liabilities

Shareholders' Equity

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M$2$ LO$5$

In May, Rec Rooms, Inc., collected $$8,000$ owed by customers for services performed in April. Show the effect of this collection on the accounting equation.

IF THERE IS NO EFFECT, SELECT $"0$ NO EFFECT."

Prompts

Answers

Question $6$

Prompt

$1$

Assets

Select match

Question $6$

Prompt

$2$

Liabilities

Select match

Question $6$

Prompt

$3$

Shareholders' Equity

Select match

Question $9$

Question $9$