Potato Inc provided consulting services to a customer on account for $500 on March 3 On April 16, Potato collected the cash from that customer What is the impact on Potato's accounting equation from the collection of cash A No net effect to the accounting equation B Decrease assets and increase li...

Cash is an asset account Revenue increases stockholders equity This incr ...

Potato Inc. provided consulting services to a customer on account for $500 on March 3. On...

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Understanding Financial Accounting

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Potato Inc. provided consulting services to a customer on account for $500 on March 3. On...

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