Business, 24.02.2020 21:30 alejandra216

During March, Perpetual Envy Inc. provides $23,000 in consulting services for a customer. The customer paid $11,500; the other $11,500 was on account. Which of the following statements about these transactions is correct?

a. Cash increases by $19,500, Consulting Revenue increases by $19,500, and Accounts Receivable increases by $39,000.
Accounts Receivable increases by $19,500, Liabilities decrease by $19,500, and Stockholders' Equity increases by $39,000.
Revenues increase by $19,500, liabilities decrease by $19,500, and stockholders' equity is unchanged.

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During March, Perpetual Envy Inc. provides $23,000 in consulting services for a customer. The custom...

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