During the month of March, Wang Company collected $8,000 of accounts receivable. Which of the following represents the effects of the collection of the receivables on Wang's financial statements? 
Definitions:
Formal Budget Process
The systematic procedures followed by organizations or governments to estimate revenues, plan expenditures, and manage finances.
Economic Report
A document that provides information about the economic performance, policies, and conditions of a country, region, company, or sector.
National Debt
The total amount of money that a country's government has borrowed, through various means.
Federal Outlays
The total spending by the federal government, including on defense, education, health services, and social security.
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