What is the effect on the accounting equation of the following transaction in October 2019:...
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Accounting
What is the effect on the accounting equation of the following transaction in October 2019: Received $1,200 from a customer for services provided in September 2019 "?
| a. | Increase assets and increase owners equity | |
| b. | Increase assets and decrease liabilities | |
| c. | Increase one asset account and decrease another asset account | |
| d. | Decrease assets and increase owners equity | |
| e. | Decrease assets and decrease liabilities |
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