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What best describes the following transaction? Accounts Receivable 1,500 Service Revenue 1,500 O Perform $1,500 of services for a customer O Collection of $1,500

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What best describes the following transaction? Accounts Receivable 1,500 Service Revenue 1,500 O Perform $1,500 of services for a customer O Collection of $1,500 on account O Payment of $1,500 on account o Write off an uncollectible account Question 9 Credits: O Decrease all account balances O Increase the amount of cash a company possesses O Increase Dividends O Increase Liability accounts

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