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Matterhorn, Inc. provided $6,000 of services to a customer on account on February 12th. On February 25th, the company collected the cash from that customer.
Matterhorn, Inc. provided $6,000 of services to a customer on account on February 12th. On February 25th, the company collected the cash from that customer. What is the impact of the February 25th transaction on the company's accounting equation?
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