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Describe the following entry: Debit Cash $4,000 Credit Accounts Receivable $4,000 - The company collected $4,000 from customers for a previous sale - The company

Describe the following entry:

Debit Cash $4,000

Credit Accounts Receivable $4,000

- The company collected $4,000 from customers for a previous sale

- The company had cash sales of $4,000

- The company collected $4,000 from customers for a future sale

- The company received cash from its stockholders

Please provide an explanation of the answer. Thanks!

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