I need some help in consumer math...???

You perform some business service for which you charge $575. You receive $200 in cash, and a promissory note for the balance, payable in 60 days. What steps will you use to show this transaction on your balance sheet?

a. Cash (increases/decreases) by ($200,$375,$575)
b. Receivables (increases/decreases) by ($200,$375,$575)
c. Owner's equity (increases/decreases) by ($200,$375,$575)

a--200
b---375

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