MC Qu. 12-183 Emerald Co.owned equipment with a... Emerald Co. owned equipment with a book value of $130,000 that was sold during this accounting period for $32,400 in cash, and purchased new equipment for cash of $148,950. Emerald Co. would record a debit of: Multiple Choice $148,950 and a credit of $32,400 to the cash account for a net cash inflow of $116,550 $97.600 and a credit of $149.950 to the cash account for a net cash outflow of $51350 148,950 and a credit of $97600 to the cash account for a net cash flow of $5.350. 32.400 and a credit of $14.950 to the cash account for a net cash outflow of $116.550 Prey 1 of 5 !!! Next >