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Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: I = increases; D = decreases;

Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: I = increases; D = decreases; NE = no effect.

A credit sale

b. Collection of a portion of accounts receivable

c. Estimate of bad debts

d. Write-off of a specific uncollectible account

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