Question: d. Revenue recognition principle e. Going concern assumption 7) Hoang Consulting performs services for a customer and bills the customer for $450. How should

d. Revenue recognition principle e. Going concern assumption 7) Hoang Consulting performs services for a customer and bills the customer for $450. How should Hoang Consulting record this transaction? a. A/R increase by $450; Revenues increase by $450 b. Cash Increases by $450, Revenues Increase by $450 c. A/R Increase by $450, Revenues decrease by $450 d. A/R increase by $450, A/P increase by $450 e. A/P increase by $450, revenues Increase by $450 8) Koulabouth Company received a utility bill for the current period for $625 and Immediately paid it. It'e Inl

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