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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

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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. investment 42.500 th n O b. gain of sales 2.500 c. cash 42,500 d. cash 39,500

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