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D Question 23 Indicate how the following transaction should be recorded: Collected $900 from customers on account. Increase Cash, $900; Increase Accounts Payable, $900.
D Question 23 Indicate how the following transaction should be recorded: Collected $900 from customers on account. Increase Cash, $900; Increase Accounts Payable, $900. Increase Cash, $900; Increase Retained Earnings with Revenue, $900. Increase Cash, $900; Decrease Accounts Receivable, $900. Increase Cash, $900; Decrease Accounts Payable, $900.
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