Help me answer,thanks In a trial balance prepared on March 31, thetotal of the credit column is: *On March 31, the ledger of V Service consists of the following:Cleaning equipmentAccounts payableV, CapitalOffice equipment1,7801,5703,5001,200Accounts receivable2,100Cash690Salaries payableCleaning supplies980280Your answerThe collection of an account receivable will:O Increase total assetsO Increase total revenuesO Decrease total assetsO Have no effect on total assets

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In a trial balance prepared on March 31, the total of the credit column is: * On March 31, the ledger of V Service consists of the following: Cleaning equipment Accounts payable V, Capital Office equipment 1,780 1,570 3,500 1,200 2,100 Accounts receivable Cash 690 Salaries payable Cleaning supplies 980 280 Your answer The collection of an account receivable will: O Increase total assets O Increase total revenues O Decrease total assets Have no effect on total assets

In a trial balance prepared on March 31, the total of the credit column is: * On March 31, the ledger of V Service consists of the following: Cleaning equipment Accounts payable V, Capital Office equipment 1,780 1,570 3,500 1,200 2,100 Accounts receivable Cash 690 Salaries payable Cleaning supplies 980 280 Your answer The collection of an account receivable will: O Increase total assets O Increase total revenues O Decrease total assets Have no effect on total assets

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 12SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, prepare a...

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