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Explain a check for 12000 was received from a customer

Using Overstate , Understate, and No effect, indicate the effect on Asset, Liability and shareholders' equity. Explain A check for $12000 was received from a customer during December 2006 for merchandise to be delivered during January 2007. Cash was debited and revenue was credited

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Accounting Basics: Explain a check for 12000 was received from a customer

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