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Cero Company collected an account receivable from a customer whose account had been written off in the previous year. The net effect of the entry(s)
Cero Company collected an account receivable from a customer whose account had been written off in the previous year. The net effect of the entry(s) made by Cero
a. decreases expenses and increases cash.
b. increases cash and decreases the allowance for doubtful accounts.
c. increases sales revenue and increases accounts receivable.
d. increases net income and decreases accounts receivable.
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