Based on the information given the effect on the accounting equation would be: Assets increase $12,000 and Equity increase $12,000.
Effects on accounting equation:
If a company receives the amount of $12,000 from a client for the services they rendered to the client the effect of the transaction on the accounting equation would be: Assets will increase by the amount of $12,000 and Equity will increase by $12,000.
Effect on Accounting equation:
Assets increase $12,000
Equity increase $12,000
Inconclusion the effect on the accounting equation would be: Assets increase $12,000 and Equity increase $12,000.
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