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If a company makes a sale and collects cash, which of the following is the correct way to record the corresponding debit and credit: Debit
If a company makes a sale and collects cash, which of the following is the correct way to record the corresponding debit and credit:
- Debit the accounts receivable account | Credit the revenue account
- Credit the cash account | Debit the revenue account
- Debit the cash account | Credit the revenue account
- Credit the accounts receivable account | Credit the revenue account
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