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Record the following transaction in the transaction analysis chart: Provided design fees for $3,500, receiving $1,500 cash with the remainder to be paid next
Record the following transaction in the transaction analysis chart: Provided design fees for $3,500, receiving $1,500 cash with the remainder to be paid next month. Accounts Affected Increase/ Rules of Category Decrease Dr. and Cr. T Accounts Design Fees Earned Revenue Increase Cr. Design Fees Earned Cash Asset Decrease Dr. Accounts Receivable Accounts Receivable Liability Increase Dr. Cash
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