How would the accounting equation of Lenore Turner's consulting business be affected by the billing...
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Accounting
How would the accounting equation of Lenore Turner's consulting business be affected by the billing of a client for $2,000 for consulting work completed?
Select one:
A. Accounts receivable, $2,000 increase, equity, $2,000 increase.
B. Accounts receivable, $2,000 increase, liabilities, $2,000 decrease.
C. Accounts receivable, $2,000 increase, cash, $2,000 increase.
D. Accounts receivable, $2,000 increase, liabilities, $2,000 increase.
E. Accounts receivable, $2,000 increase, cash, $2,000 decrease.
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