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Fitch Supply Services received exist1,000 cash from a customer: the amount was owed to the business from the previous month. What is the effect of

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Fitch Supply Services received exist1,000 cash from a customer: the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation? A. Cash increases and Accounts Receivable decreases B. Cash increases and Accounts Payable decreases C. Accounts Receivable increases and Service Revenue increases D. Cash increases and Service Revenue increases

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