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Collection of a $3000 accounts receivable decreases a liability $3000; increases owner's equity $3000. decreases an asset $3000; decreases a liability $3000. increases an asset $3000; decreases an asset $3000. increases an asset $3000; decreases a liability $3000.
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Collection of a $3000 accounts receivable decreases a liability $3000; increases owner's equity $30...
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