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Darin company purchased land at a cost of $15,000 and planned to use it to construct a new storage facility on the property. A short
Darin company purchased land at a cost of $15,000 and planned to use it to construct a new storage facility on the property. A short time later, the company changed its plans and sold the property to Dee Company for $15,000. Dee Company signed a note for $15,000 that is due in 60 days. The journal entry prepared by Darin Company to record the sale of the property would include which of the following
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