Transaction 13 - receivable decreases and is credited for...

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Transaction 13:  On April 30, five of the eight previously billed customers each pay $50. Therefore,  one asset account (cash) increases and is debited for $250, and another asset account (accounts 
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Unformatted text preview: receivable) decreases and is credited for $250....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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