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Sige los 16. Your company owned equipment with a book value of $120,000 that was sold during this accounting period for $30,5
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Answer #1

Calculate following

Equipment sold in Cash = increase Cash = Debit in Cash $30500

Equipment purchased in Cash = Decrease Cash = Credit in Cash $148000

So answer is c) A debit to $30500 and a credit of $148000 to the Cash account for a net cash outflow of $117500

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