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Recognizing Accounts Receivable o accounts receivable increases or is debited with the sale of merchandise Linus Lions sells merchandise valued at $1,500 on account to

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Recognizing Accounts Receivable o accounts receivable increases or is debited with the sale of merchandise Linus Lions sells merchandise valued at $1,500 on account to Toys R Us on June 30, 2011. The journal entry in Linus' books would be: [2 Marks] Account Title Debit Credit Account Receivable 1500

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