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Smithville Company owns equipment that costs $76,800, with accumulated depreciation of $40,800. Smithville sells the equipment for cash. Record the journal entry for the sale

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Smithville Company owns equipment that costs $76,800, with accumulated depreciation of $40,800. Smithville sells the equipment for cash. Record the journal entry for the sale of the equipment if Smithville were to sell the equipment for the following amounts: (3 pts) A. $47,000 cash B. $36,000 cash C. $31,000cash

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