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Gadgets, Inc. collected $15,000 on account from its customers. Which option describes the correct way to record the transaction? Select one: a. increase (debit) cash
Gadgets, Inc. collected $15,000 on account from its customers. Which option describes the correct way to record the transaction?
Select one:
a. increase (debit) cash and increase (credit) sales or revenue
b. increase (debit) cash and decrease (credit) accounts receivable
c. increase (credit) cash and increase (credit) sales or revenue
d. increase (debit) cash and increase (credit) capital
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