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Collected $15,000 of accounts receivable. The effect of this transaction will be: Multiple Choice Decrease in accounts receivable and increase in cash Increase in accounts

Collected $15,000 of accounts receivable. The effect of this transaction will be: Multiple Choice Decrease in accounts receivable and increase in cash Increase in accounts receivable and decrease in cash Decrease in accounts receivable and decrease in cash Increase in Revenue and increase in cash

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