Amelia Consulting Services collected $12,000 cash for servic…
Amelia Consulting Services collected $12,000 cash for services to be provided in the future. Which of the following shows how recognizing the cash receipt will affect the company’s balance sheet? Balance SheetAssets=Liabilities+Stockholders’ EquityCash+Prepaid Rent=Unearned Revenue+Common Stock+Retained EarningsA. + =12,000+ +(12,000)B.12,000+ =12,000+ + C.12,000+ = + +12,000D. + =(12,000)+ +12,000