Question: When money is collected from a customer previously billed, we _______________. a) credit cash and debit accounts receivable b) credit cash and debit accounts payable

When money is collected from a customer previously billed, we _______________.

a) credit cash and debit accounts receivable

b) credit cash and debit accounts payable

c) credit accounts payable and debit cash

d) debit cash and credit accounts receivable

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