Question: please help On July 1, Abbot Co. performed 595,000 of programming services for Crockett Co, Oa July 28 , Crockett Co. paid Abbot Co. 535,000

On July 1, Abbot Co. performed 595,000 of programming services for Crockett Co, Oa July 28 , Crockett Co. paid Abbot Co. 535,000 and agreed to pay the remainder on August 20. On July 31, the Financial Statements of Abbot Co, will show which of the following for these transactions? a. 560,000 increase in Current Assets, no change in Current Liabilities, 560,000 increase in Net Incerme: Bi 535,000 decrease in Current Assecs, 560,000 increase in Current Liabilities, 595,000 decrease in Net Income e 595,000 increase in Current Assets, no change in Curcent L.iabilities; 595,000 increase in Net income 4. 535.000 inctease in Curreot Astets, $95,000 inctease in Current Liabilities, 560,000 dectease in Net Income
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