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Al Mohaned Company owes $225,000 to Alrajhi Bank. The debt is a 5-year, 5% note. On December 31, 2019, Alrajhi Bank agrees to accept an

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Al Mohaned Company owes $225,000 to Alrajhi Bank. The debt is a 5-year, 5% note. On December 31, 2019, Alrajhi Bank agrees to accept an old machine and cancel the entire debt. The machine has a carrying amount of $200,000, and a fair value of S150,000 ?What is the entry to record this transaction Dehit Natas Danke ens

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