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Cansing Company Collected $5,000 from a Customer on Account

Question 38

Multiple Choice

Cansing Company collected $5,000 from a customer on account.What journal entry will Cansing record?


A) Debit Cash,credit Accounts Receivable.
B) Debit Cash,credit Revenue.
C) Debit Accounts Receivable,credit Revenue.
D) Debit Accounts Receivable,credit Cash.

Correct Answer:

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