Question: Commission was earned that will be received in two months time. The effect on the accounting equation in the period the commission was earned is

Commission was earned that will be received in two months time. The effect on the accounting equation in the period the commission was earned is that: Select one: a. an asset increased and a liability increased. b. an asset decreased and a liability decreased. c. a liability increased and another liability decreased. d. an asset increased and revenue increased.

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