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Assume on March 15, a company sells merchandise on account. On March 31, the company collects the cash from the customer. Which of the following
Assume on March 15, a company sells merchandise on account. On March 31, the company collects the cash from the customer. Which of the following occurs on March 31? Group of answer choices Cash increases and accounts receivable decreases. Cash and accounts receivable both increase. Cash and accounts receivable both decrease
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