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Victoria Received $500 from Customers in Partial Payment for Accounting

Question 72

Multiple Choice

Victoria received $500 from customers in partial payment for accounting services performed previously. The recording of this transaction would


A) increase Cash and Victoria's Capital $500.
B) increase Cash and decrease Accounts Receivable $500.
C) increase Cash and increase Accounts Receivable $500.
D) decrease Accounts Receivable and increase Victoria's Capital $500.

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