For question 22 for the accounting 10th edition book bymarshall, it deals with a balance sheet. There was a transactionthat was collected as $17,000 of accounts receivable. When lookingat the solution, it said that the $17,000 would be added to theassets column but also subtracted in the assets column andtherefore, the accounts receivable basically had no effect on thebalance sheet for that transaction. Why is that? Is it becauseaccounts receivable are credits and therefore it really isn’t cashto be added onto assets yet?
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