Austin Land Company sold land for $58,880 in cash The land was originally purchased for $34,860 At the time of the sale, $12,280 was still owed to Regions Bank After the sale, Austin Land Company paid off the loan a Explain the effect of the sale on the accounting equation If the effect is no change, then enter a 0 in amount box Enter all dollar amounts as positive numbers Total assets Total liabilities Owners' equity b Explain the effect of the payoff of the loan on the accounting equation If the effect is no change, then enter a 0 in amount box Enter all dollar amounts as positive numbers Total assets Total liabilities Owners' equity Austin Land Company sold land for $58,880 in cash The land was originally purchased for $34,860 At the time of the sale, $12,280 was still owed to Regions Banh Ater the sale, Austin tand Company pald off the toan a Explain the effect of the sale on the accounting equation If the effect is no change, then enter a 0 in amount box, Enter all doliar amounts as positive numbers b Explain the effect of the payoff of the loan on the accounting equation, If the effect is no change, then enter a 0 in amount box Enter all dollar amounts as positive numbers

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Austin Land Company sold land for $58,880 in cash  The land was originally purchased for $34,860  At the time of the sale, $12,280 was still owed to Regions Bank After the sale, Austin Land Company paid off the loan  a  Explain the effect of the sale on the accounting equation  If the effect is no change, then enter a  0  in amount box  Enter all dollar amounts as positive numbers  Total assets Total liabilities Owners' equity b  Explain the effect of the payoff of the loan on the accounting equation  If the effect is no change, then enter a  0  in amount box  Enter all dollar amounts as positive numbers  Total assets Total liabilities Owners' equity Austin Land Company sold land for $58,880 in cash  The land was originally purchased for $34,860  At the time of the sale, $12,280 was still owed to Regions Banh Ater the sale, Austin tand Company pald off the toan  a  Explain the effect of the sale on the accounting equation  If the effect is no change, then enter a   0   in amount box, Enter all doliar amounts as positive numbers b  Explain the effect of the payoff of the loan on the accounting equation, If the effect is no change, then enter a   0   in amount box  Enter all dollar amounts as  positive numbers

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Austin Land Company sold land for $58,880 in cash. The land was originally purchased for $34,860. At the time of the sale, $12,280 was still

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