Question: . Problem 9.6 Accounts Receivable from page 552: Using the following key, identify the effects of the following transactions or conditions on the various financial

. Problem 9.6 Accounts Receivable from page 552: Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: Iincreases;Ddecreases; NEno effect.

Assets

Liabilities

Shareholders

Equity

Net Income

A credit sale

Collection of a portion of accounts receivable

Estimate of bad debts

Write-off of a specific uncollectible account

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