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Franklin Lighting Corp

Accounting

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Franklin Lighting Corp. provided energy consulting services and billed the client $2,500. As a result of this event:

a. Only liabilities increased by $2,500.

b. Only assets increased by $2,500.

c. Assets and stockholders' equity each increased by $2,500.

d. Only stockholders' equity increased by $2,500.

e. Assets, liabilities, and stockholders' equity each increased by $2,500.