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Suppose a company collects an outstanding Accounts Receivable from a client, but records the journal entry as: DR Cash CR Revenue A. As a result

Suppose a company collects an outstanding Accounts Receivable from a client, but records the journal entry as:

DR Cash

CR Revenue

A. As a result of this error, which accounts are overstated?

B. Which accounts are understated?

C. What journal entry is necessary to correct this?

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