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a. The investments were sold for $25,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the
a. The investments were sold for $25,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $125,000 credit to Retained Earnings for net income. f. There was a $50,000 debit to Retained Earnings for cash dividends declared
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