During March, Perpetual Envy Inc. provides $23,000 in consulting services for a customer. The customer paid $11,500; the other $11,500 was on account. Which of the following statements about these transactions is correct?

a. Cash increases by $19,500, Consulting Revenue increases by $19,500, and Accounts Receivable increases by $39,000.
Accounts Receivable increases by $19,500, Liabilities decrease by $19,500, and Stockholders' Equity increases by $39,000.
Revenues increase by $19,500, liabilities decrease by $19,500, and stockholders' equity is unchanged.

The correct statements are : Cash increase by $19500, Accounts receivable increase by $19500 and Consulting revenue increase by $39000.

Explanation:

Accounts               Debit                                         Crefit

Cash                       $19500  

Accounts receivable$19500  

Consulting Revenue                                        $39000

Thus, after reviweing the hournal emtry passsed it is clear that the correct statements out of the given statements are as follows :

Cash increase by $19500, Accounts receivable increase by $19500 and Consulting revenue increase by $39000.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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