Answer:
Cash is increased by $ 200 , and Notes Receivable is also increased by $ 375
Revenue Earned is also increased By $ 575.
Step-by-step explanation:
We make a journal entry
Cash $200 Debit
Notes Receivable $ 375 Debit
Services Revenue Earned $ 575 Credit
In the balance sheet the Cash is increased by $ 200 , and Notes Receivable is also increased by $ 375 on the Assets sides.
On the Liabilities side in the Owner's Equity section Revenue Earned is also increased By $ 575.
Increasing both sides ( Assets and Liabilities sections) with equal amounts will have no effect on the Balance Sheet .
