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Collection of a $1,000 Accounts Receivable a. increases an asset $1,000; decreases an asset $1,000. b. increases an asset $1,000; decreases a liability $1,000. c.

Collection of a $1,000 Accounts Receivable a. increases an asset $1,000; decreases an asset $1,000. b. increases an asset $1,000; decreases a liability $1,000. c. decreases a liability $1,000; increases owner's equity $1,000. d. decreases an asset $1,000; decreases a liability $1,000.

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