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InstaChat Company received $15,000 cash from its customers for services that it will provide in the next accounting period. This transaction increases assets and increases

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InstaChat Company received $15,000 cash from its customers for services that it will provide in the next accounting period. This transaction increases assets and increases revenues decreases assets and increases revenues increases assets and increases liabilities increases liabilities and increases revenues increases assets and decreases liabilities increases one asset and decreases another asset

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