Question

how would the accounting equation of lenore turner consulting business be affected by the billing of a client for $2000 for consulting work completed​

Answer 1

Answer:

sgg289965reced35999*58

Answer 2

Answer: Accounts Receivable increases $2000,Equity increases $2000

Accounts Receivable Dr $2000 ,Service Revenue Cr $2000

Explanation:

                                 

Accounting Equation

Assets                                                    Equity

Cash             Accounts Receivable

                      $2000                                 $2000

When billing to customer Accounts Receivable increases.

When Income increases, Equity increases.