Business, 11.11.2020 08:00 TheOneandOnly003
Dr. Peabody received $4,325 in cash from clients who make payments on their monthly accounts. The amount they owe the company was previously recorded as accounts receivable. Which of
the following statements is correct?
A. Accounts receivable is debited $4,325; cash is credited $4,325.
B. Accounts receivable is credited $4,325; cash is debited $4,325.
C. Cash Is debited $4,325; accounts receivable is debited $4,325.
D. Accounts receivable is credited $4,325; cash is credited $4,325.
Answers: 2
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Dr. Peabody received $4,325 in cash from clients who make payments on their monthly accounts. The am...
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