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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

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. gain of sales 2,500

b. investment 42,500

c. cash 39,500

d. cash 42,500

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