QUESTION 18 Use this narrative to answer the questions that follow J Rinaldi Software Design, an accrual basis business, engaged in the following transactions 1) in December 2021, the company performed services for a client and sent a bill for $1,000 2) In December 21, the company used cel phone service and received a bill for 1,500 from the cell phone provider 3) In January of 2022, the company collected as $1,800 fee from the client who was buted in December 14) In January of 2022, the company paid the $1.500 amount owed to me cell phone provider for the December cell phone usage How does transaction number 3 affect J. Rinaldi Software Design's account? a Telephone Expense increases & Accounts Payable increases b. Telephone Expense increases & Cash declines Accounts Receivable increases & Fees Earned increases d. Cash increases & Accounts Receivable declines Accounts Payable declines & Cash declines QUESTION 19 Which of the following is an asset account? a Accounts Payable b. Telephone Expense Fees Eamed d. Accounts Receivable