Tori's Shop Collects $250 of Its Accounts Receivable

question 146

Multiple Choice

Tori's Shop collects $250 of its accounts receivable. The expanded accounting equation impact is

• A) Cash and Capital increase $250.
• B) Cash and Revenue increase $250.
• C) Cash increases and Accounts Receivable decreases $250.
• D) Accounts Receivable decreases and Capital increases $250.

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