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Accounts Receivable. Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: I = increases; D

Accounts Receivable. Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: I = increases; D = decreases; NE = no effect.

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Assets Liabilities Shareholders' Equity Net Income A credit sale Collection of a portion of accounts receivable Estimate of bad debts Write-off a specific uncollectible account

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