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

Question

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When a customer pays off an account receivable, TechCom should debit Cash and credit Accounts Receivable-RDA Electronics to reflect the receipt of cash and the reduction of the receivable.

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