Question: Assets Liabilities Shareholders' Equity Common Stock Retained Earnings $ _ _ _ _ _ _ $ _ _ _ _ _ _ $ _ _

Assets
Liabilities
Shareholders' Equity
Common Stock
Retained Earnings
$______
$______
$______
$______
In March, Florist Gump, Inc., collected $6,000 of its accounts receivable from February sales. Show the effect on the accounting equation below:
IF THERE IS NO EFFECT, SELECT "0 NO EFFECT."
-A.B.C.D.E.F.G.H.
Assets
-A.B.C.D.E.F.G.H.
Liabilities
-A.B.C.D.E.F.G.H.
Shareholders' Equity
A.
6,000 Cash; (6,000) Accounts Receivable
B.
(6,000) Accounts Receivable
C.
0 No Effect
D.
6,000 Accounts Payable
E.
6,000 Accounts Receivable; (6,000) Cash
F.
6,000 Accounts Receivable
G.
6,000 Cash; (6,000) Accounts Payable
H.
6,000 Cash

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