Final answer:When services are rendered for credit, it increases assets as it's expected to bring in future income. This credit becomes an asset, contributing to accounts receivable. It doesn't immediately affectliabilitiesorowner's equity.Explanation:Services rendered for credit are essentially expected future payments, which in the context of accounting, is considered an asset to the entity providing the service. In other words, this service rendered increases thecompany'sassets, as it is expected to bring in future income. Hence, the correct answer is (a) assets will increase.When an entity provides a service for credit, it agrees to receive payment at a later date. This credit becomes an asset, thus increasing the total assets of the business. This is part ofaccounts receivable, which is an asset account that records the amounts customers owe to a business for products or services provided on credit.It's important to note this does not immediately impact liabilities or owner's equity. Only when the payment is received can it affect liabilities (decreased if used to pay off debts) or owner's equity (increased if added to retainedearnings).Learn more about Accounting here:brainly.com/question/33068790#SPJ11...

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