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On 6/26 Lockheed Martin sold $1,500,000 of product to a customer on account. On 8/31 Lockheed Martin received $1,500,000 cash payment from this customer. What

On 6/26 Lockheed Martin sold $1,500,000 of product to a customer on account. On 8/31 Lockheed Martin received $1,500,000 cash payment from this customer. What should Lockheed Martin record on 8/31? (Select ALL that apply)

Debit Accounts Receivable

Credit Accounts Receivable

Debit Cash

Credit Cash

Debit Deferred Revenue

Credit Deferred Revenue

Credit Revenue

Debit Revenue

Debit Accounts Payable

Credit Accounts Payable

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