ABC Inc. collected $1,500 of Accounts Receivable. The effect on the accounting equation are: A)...
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Accounting
ABC Inc. collected $1,500 of Accounts Receivable. The effect on the accounting equation are: A) Total Assets decrease and Owners Equity increases B) Both total Assets and total Liabilities decrease C) Total Assets, total Liabilities, and Owners Equity are unchanged D) Both total Assets and Owners Equity are unchanged
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