The effect on the basic accounting equation of performing services for cash are to: - 14306

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The effect on the basic accounting equation of performing services for cash are to:

 

increase assets and decrease stockholders’ equity.

 

increase assets and increase stockholders’ equity.

 

increase assets and increase liabilities.

 

increase liabilities and increase stockholders’ equity.

Solution Description

 

The effect on the basic accounting equation of performing services for cash are to: