Answer:
D. All of these answer choices are correct
Explanation:
Use Accounting Equation
Events: Assets = Equity + Liabilities
Provided Services +45,500 +45,500
Collection from customers -38,000
+38,000
Expenses on Account -37,000 +37,000
Payment against payable <u>-32,400</u> <u> </u> <u>-32,400</u>
Net Impact <u>13,100</u> <u>8500</u> <u>4600</u>
Hence, It is proved that Assets, equity and liabilities are increased.