Question: Select one: A) Increase CASH and increase RETAINED EARNINGS (due to an increase in REVENUE) B) Increase CASH and increase ACCOUNTS RECEIVABLE C) Increase CASH

Select one: A) Increase CASH and increase RETAINED EARNINGS (due to

Select one:

A) Increase CASH and increase RETAINED EARNINGS (due to an increase in REVENUE)

B) Increase CASH and increase ACCOUNTS RECEIVABLE

C) Increase CASH and increase ACCOUNTS PAYABLE

D) Increase CASH and increase UNEARNED REVENUE

E) Increase CASH and decrease RETAINED EARNINGS (due to an increase in EXPENSE)

Business received $30,000 in cash from customers for services it will provide in the next period. Which of the following correctly describes the impact this transaction has

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