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    Accounting

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    6) Cash is collected from a customer who was previously put on account. How does the collection of the cash affect the accounting equation?__A, B, C, or D__

    A) assets increase; owner's equity increases
    B) assets increase; liabilities increase
    C) assets increase; assets decrease
    D) assets decrease; owner's equity decreases

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    6) Cash is collected from a customer who was previously put on account. How does ...

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    This solution is comprised of a detailed explanation to answer how does the collection of the cash affect the accounting equation.

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