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Cash collected on accounts receivable would produce what effect on the balance sheet? a. Increase liabilities and decrease equity b. Decrease liabilities and increase equity

Cash collected on accounts receivable would produce what effect on the balance sheet?

	a.	Increase liabilities and decrease equity
	b.	Decrease liabilities and increase equity
	c.	Increase assets and decrease assets
	d.	Decrease assets and decrease liabilities

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