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Smith Technical Services is working on a six-month job for a client, starting February 1. They will collect $30,000 from their customer when the
Smith Technical Services is working on a six-month job for a client, starting February 1. They will collect $30,000 from their customer when the job is finished. On March 1, their Accounts Receivable account had a debit balance of $5,000. At the end of March, after monthly adjusting entries have been made, what will be the balance in Accounts Receivable? Select one: O a. Debit balance of $10,000 O b. Debit balance of $30,000 Oc. Debit balance of $5,000 Od. Credit balance of $25,000
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