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Mathematics, 07.06.2021 22:00 sl1010
The Austin Land Company sold land for $58,610 in cash. The land was originally purchased for $32,370. At the time of the sale, $12,140 was still owed to Regions Bank. After the sale, The Austin Land Company paid off the loan. Explain the effect of the sale and the payoff of the loan on the accounting equation. Enter all dollar amounts as positive numbers.
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The Austin Land Company sold land for $58,610 in cash. The land was originally purchased for $32,370...
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