Question 5 of 205.0/ 5.0 PointsVic's Mart collects $700 of its accounts receivable. The expanded accounting equation impact is __________.A. cash and capital increase $700B. cash and revenue increase $700C.cash increases and accounts receivable decreases $700D. accounts receivable decreases and capital increases $700
Question 6 of 205.0/ 5.0 PointsA company has $4,500 in its Revenue account at the end of a period. The Expenses are as follows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss. for the period is __________.