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The county collected another $540,000 of the taxes receivable by the end of the fiscal year. Which entry below would be a correct one? a.)

The county collected another $540,000 of the taxes receivable by the end of the fiscal year. Which entry below would be a correct one?

a.) (CR) Cash 540,000
b.) (DB) Taxes ReceivableDelinquent 540,000
c.) Increase the General Capital Asset Account 540,000
d.) (CR) Taxes ReceivableDelinquent 540,000

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