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In April, Seller Company sells to a customer on account. In May, Seller Company collects from the customer. Which one of the following statements is

In April, Seller Company sells to a customer "on account." In May, Seller Company collects from the customer. Which one of the following statements is true regarding the entry Seller Company would make in May.? Consider the total effect of the entry on the category mentioned. Multiple Choice None of the above is correct. The entry would increase total assets. U The entry would increase total expenses. O The entry would increase total liabilities. O The entry would increase total revenues

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