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On June 1 Barlow Inc

Question 158

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On June 1 Barlow Inc.performed services and billed its client Bertram Enterprises $1500.On June 9 Bertram paid the account in full.The combined effect of these two transactions on Barlow's tabular analysis is: On June 1 Barlow Inc.performed services and billed its client Bertram Enterprises $1500.On June 9 Bertram paid the account in full.The combined effect of these two transactions on Barlow's tabular analysis is:   A) Increase Cash $1500 and decrease Accounts Receivable $1500. B) Increase Cash $1500 and increase Revenues $1500. C) Increase Accounts Receivable $1500 and increases Revenues $1500. D) Increase Accounts Payable $1500 and increases Expenses $1500.


A) Increase Cash $1500 and decrease Accounts Receivable $1500.
B) Increase Cash $1500 and increase Revenues $1500.
C) Increase Accounts Receivable $1500 and increases Revenues $1500.
D) Increase Accounts Payable $1500 and increases Expenses $1500.

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