Dr. Peabody provided $2,300 in services to clients who paid cash at the time the service was provided. Which of the following statements is true? A. The dental revenues account is credited $2,300.This increases owner's equity by $2,300.
B. The dental revenues account is increased $2,300, which has no impact on owner's equity.
C. Accounts receivable is decreased (credited) $2,300. Cash in increased (debited) $2,300.
D. Owner's equity is increased by debiting the dental revenues account $2,300.