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ULed5eu Uy P22,500. Llave assets and shareholders' equity must have both decreased by $22,500. Question 3 (1 point) Collection of an $800 accounts receivable increases

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ULed5eu Uy P22,500. Llave assets and shareholders' equity must have both decreased by $22,500. Question 3 (1 point) Collection of an $800 accounts receivable increases an asset $800; decreases a liability $800. decreases a liability $800; increases shareholders' equity $800. decreases an asset $800; decreases a liability $800. has no effect on total assets. Question 4 (1 point) Accounting systems should record o II 38

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