If a customer sends in a payment on his account owed, which of the following statements is
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If a customer sends in a payment on his account owed, which of the following statements is true?
a. One asset increases and another asset decreases.
b. One asset increases and one liability decreases.
c. One liability decreases and owner’s equity increases.
d. One liability increases and owner’s equity increases.
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b One asset increases and one liability decreases When a customer sends ...View the full answer
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