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XYZ Company receives net proceeds of $ 4 2 , 0 0 0 on the sale of share investments that cost $ 3 9 ,

XYZ Company receives net proceeds of $42,000 on the sale of share investments that cost $39,500. The debit side of the journal entry is
Select one:
a. cash 42,000
b. gain of sales 2,500
c. cash 39,500
d. investment 42,500

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