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Business, 24.01.2020 03:31 warnene17

On july 31, aloe inc. received $5,000 cash from a customer who previously purchased aloe's products on account. what entry should aloe inc. record at the time it receives cash? a) debit cash, $5,000; credit service revenue, $5,000.b) debit accounts receivable, $5,000; credit cash, $5,000.c) debit cash, $5,000; credit accounts receivable, $5,000.d) debit cash, $5,000; credit accounts payable, $5,000.

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On july 31, aloe inc. received $5,000 cash from a customer who previously purchased aloe's products...
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