Collection of a $1,000 Accounts Receivable

question 187

Multiple Choice

Collection of a $1,000 Accounts Receivable

• A)increases an asset $1,000; decreases an asset $1,000.
• B)increases an asset $1,000; decreases a liability $1,000.
• C)decreases a liability $1,000; increases stockholders' equity $1,000.
• D)decreases an asset $1,000; decreases a liability $1,000.