Kizspy Question: 3
(Choose 1 answer)
Using the accounting equation, how does Lead Company record by the billing of a client for $15,000 of service
completed?
A. +$15,000 accounts receivable, -$15,000 accounts payable.
B. +$15,000 accounts receivable, +$15,000 accounts payable.
C. +$15,000 accounts receivable, +$15,000 cash.
D. +$15,000 accounts receivable, +$15,000 revenue.
E. +$15,000 accounts receivable, -$15,000 revenue.
