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During the year, Plastics Company recorded cash of $175,600 from customers for accounts receivable collections. Which of the following financial statement effects template entries captures

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During the year, Plastics Company recorded cash of $175,600 from customers for accounts receivable collections. Which of the following financial statement effects template entries captures this transaction? Select one: a Balance Sheet Income Statement Cash Asset . Noncash Assets - Liabilities Contrib. Capital - Earned Capital Revenues - Expenses - Net Income (175,600) 175,600 = (AR) b. Balance Sheet Income Statement Cash Asset . Noncash Assets - Liabilities . Contrib. Capital. Earned Capital Revenues - Expenses - Net Income 175,600 175,600 175,600 175,600 (RE) Balance Sheet Income Statement Cash Asset . Noncash Assets - Liabilities - Contrib. Capital . Earned Capital Revenues Expenses - Net Income 175,600 (175,600) (AR) O d. Balance Sheet Income Statement Cash Asset . Noncash Assets - Liabilities Contrib. Capital - Earned Capital Revenues - Expenses - Net Income 175,600 175,600 175,600 175,600 (AR) (RE)

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