Solved

Go Blue Retail Store Collected $12,000 of Its Accounts Receivable

Question 58

Multiple Choice

Go Blue Retail Store collected $12,000 of its accounts receivable. The expanded accounting equation changes include


A) Cash and Capital increase, $12,000.
B) Cash and Revenue increase $12,000.
C) Cash increases and Accounts Receivable decreases $12,000.
D) Accounts Receivable decreases and Capital increases $12,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions