21,000

51,000

The bookkeeper for Martin Supply Company made the following journal entry to record a transaction that took place on March 10, Year 2:

Debit Credit Accounts Receivable 30,000 Cash

Equipment

This transaction involves:

Martin's collection of $30,000 on an account receivable.

Payment of $21,000 cash by Martin.

A $21,000 overall increase in Martin's assets.

Sale of equipment by Martin for $51,000.