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Victoria Received $400 from Customers in Partial Payment for Accounting

Question 43

Multiple Choice

Victoria received $400 from customers in partial payment for accounting services performed previously.The recording of this transaction would:


A) increase Cash and Victoria's Capital $400.
B) increase Cash and decrease Accounts Receivable $400.
C) increase Cash and increase Accounts Receivable $400.
D) decrease Accounts Receivable and increase Victoria's Capital $400.

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