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Austin Land Company sold land for $ 6 1 , 4 2 0 in cash. The land was originally purchased for $ 3 4 ,
Austin Land Company sold land for $ in cash. The land was originally purchased for $ At the time of the sale, $ was still owed to Regions Bank. After the sale, 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. Total assets Total liabilities Stockholders' equity : $ 
Austin Land Company sold land for $ in cash. The land was originally purchased for $ At the time of the sale, $ was still owed to Regions
Bank. After the sale, 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.
Total assets
Total liabilities
Stockholders' equity
: $
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
