Answer: Debit Cash account $43,000
Credit Accounts receivable $43,000
Step-by-step explanation:
Receivables are the debts that are owed to a particular firm by the customers for the goods or the services that have not been paid for by the customers.
The journal entry for the collection of the receivables in this case will be:
Debit Cash account $43,000
Credit Accounts receivable $43,000
(Being entries for receivables)
