Question: Simms Accountants charged a client $ 2 , 0 0 0 cash plus tax for services provided in a state where the service sales tax

Simms Accountants charged a client $2,000 cash plus tax for services provided in a state where the service sales tax rate is 6%. As a result of this event, Simms will recognize q,
a $2,000 increase in total assets
$2,120 of Service Revenue
$2,120 cash flow from operating activities
a $120 liability on the Balance sheet
Simms Accountants charged a client $ 2 , 0 0 0

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