TechCom customer RDA Electronics paid off an $8,300 balance on its account receivable. TechCom should record the transaction as a debit to Accounts

Name: TechCom customer RDA Electronics paid off an $8,300 balance on its account receivable. TechCom should record the transaction as a debit to Accounts
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When RDA Electronics pays off its account receivable, TechCom should record the transaction as a debit to Cash (increasing cash) and a credit to Accounts Receivable (decreasing accounts receivable).

TechCom Customer RDA Electronics Paid Off an $8,300 Balance on Its