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g100num [7]
3 years ago
10

In September, DK Company sells merchandise to Lions Company on credit. In October, Lions Company pays the balance in full. The e

ntry to record the collection of cash by DK Company in October will include a _______ to Accounts Receivable
Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

Credit

Explanation:

Account receivable is the amount which a company will receive in the future. When the amount is received, cash is debited and account receivable is credit. Account receivable is credit; means there is a decrease in account receivables account. So, the entry to record a collection of cash by DK Company in October will include a credit in account receivable and debit in cash account.

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Explanation:

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