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algol [13]
2 years ago
11

If Dallas Company billed a client for $10,000 of consulting work completed, the accounts receivable asset increases by $10,000 a

nd: Multiple Choice Accounts payable decreases $10,000. Accounts payable increases $10,000. Cash increases $10,000. Revenue increases $10,000. Revenue decreases $10,000.
Business
1 answer:
Mazyrski [523]2 years ago
8 0

In the event that Dallas Company bills a client, the account that will increase along with accounts receivable is a<u> Revenue increase </u><u>of </u><u>$10,000. </u>

<h3>Accounts affected </h3>
  • Accounts receivable will increase because the client will owe Dallas Company.
  • Revenue will increase as well because Dallas Company is earning revenue from the consulting work.

The increase to the Revenue account will be the amount charged for consulting work which is $10,000.

In conclusion, option D is correct.

Find out more on accounting for revenue at brainly.com/question/12115903

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