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Collection of a $500 Accounts Receivable

DEleiwa
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2022-05-10
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Collection of a $500 Accounts Receivable

  1. increases an asset $500; decreases an asset $500.
  2. increases an asset $500; decreases a liability $500.
  3. decreases a liability $500; increases owner\'s equity $500.
  4. decreases an asset $500; decreases a liability $500.
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DEleiwa
2022-05-10
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a. increases an asset $500; decreases an asset $500.

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