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 revenue.
E) +$10,000 accounts receivable, -$10,000 revenue.
Correct Answer:
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