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Stannous Company earns $ 2 , 1 4 0 of revenue on account in Year 1 . Cash collections of receivables amount to $ 1

Stannous Company earns $2,140 of revenue on account in Year 1. Cash collections of receivables amount to $1,870 in Year 1 with the remainder being collected in Year 2. Which of the following shows how these events will affect the company's ledger accounts at the time revenue is recognized in Year 1?

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