How does receiving a bill to be paid next month for services rendered affect the accounting equation?

Question

How does receiving a bill to be paid next month for services rendered affect the accounting equation?

a. assets increase; liabilities increase

b . liabilities increase; owner's equity decreases

c. liabilities increase; owner's equity increases

d. assets decrease; owner's equity decreases

Answer 1

I agree with the previous post, you really should do your own homework.  However, to give you a hint.  Your receiving a bill to be paid later.  So you owe more in the current month.  Take it from there to figure out what happens to equity.

Answer 2

do your own homework