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9. Collection of a $1,500 accounts receivable (a) increases an asset $1,500; decreases a liability $1,500. (b) decreases a liability $1,500; increases shareholders' equity $1,500.
9. Collection of a $1,500 accounts receivable (a) increases an asset $1,500; decreases a liability $1,500. (b) decreases a liability $1,500; increases shareholders' equity $1,500. (c) decreases an asset $1,500; decreases a liability $1,500. (d) has no effect on total assets. (e) none of the above
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