Question

Go Blue Retail Store collected $12,000 of its accounts receivable. The expanded accounting equation changes include which of the following?

A. Cash and capital increase of $12,000
B. Cash and revenue increase of $12,000
C. Cash increase and accounts receivable decrease of $12,000
D. Accounts receivable decrease and capital increase of $12,000

Answer 1

The answer to you question is C. Cash increase and accounts receivable decrease of $12,000.

Answer 2

The answer is C.....