6) Cash is collected from a customer who was previously put on account. How does the collection of the cash affect the accounting equation?__A, B, C, or D__
A) assets increase; owner's equity increases
B) assets increase; liabilities increase
C) assets increase; assets decrease
D) assets decrease; owner's equity decreases
A) assets increase; owner's equity increases
B) assets increase; liabilities increase
C) assets increase; assets decrease
D) assets decrease; owner's equity decreases
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