Question: Mize Company provided $ 4 5 , 5 0 0 of services on account, and collected $ 3 8 , 0 0 0 from customers

Mize Company provided $45,500 of services on account, and collected $38,000 from customers during the year. The company also incurred $37,000 of expenses on account, and paid $32,400
against its payables. Which of the following statements about the result of these events is true?
Multiple Choice
Total assets would increase
Total llabilities would increase
Total stockholders' equity would increase
All of these answer choices are correct.
Mize Company provided $45,500 of services on account, and collected $38,000

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