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On December 5, 2010, Ibrahim company received $3,000 cash from customers who had been billed previously. The basic debit-credit analysis of this transaction would include
On December 5, 2010, Ibrahim company received $3,000 cash from customers who had been billed previously. The basic debit-credit analysis of this transaction would include Select one: debits increase assets and credits increase liabilities. debits increase assets and credits increase equity. debits decrease equity and credits decrease assets. debits increase assets and credits decrease assets
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