How would the accounting equation of Boston Company be affected by the billing of a client for $10,000 of consulting work completed?
A)+$10,000 accounts receivable,-$10,000 accounts payable.
B)+$10,000 accounts receivable,+$10,000 accounts payable.
C)+$10,000 accounts receivable,+$10,000 cash.
D)+$10,000 accounts receivable,+$10,000 consulting revenue.
E)+$10,000 accounts receivable,-$10,000 consulting revenue.

Question

Quizplus · Accepted Answer

Billing a client for consulting work increases accounts receivable and consulting revenue by $10,000 each, reflecting the earned revenue and the amount owed by the client.

How Would the Accounting Equation of Boston Company Be Affected