Your company owned equipment with a book value of $123,000 that was sold during this accounting period for $31,000 in cash, and purchased new equipment for cash of $148, 250. Your company would record a debit of: $148, 250 and a credit of $92,000 to the cash account for a net cash inflow of $562, 50 $92,000 and a credit of $148, 250 to the cash account for a net cash outflow of $56, 250. $148.250 and a credit of $31,000 to the cash account for a net cash inflow of $117.250. $31000 and a credit of $148, 250 to the cash account for a net cash outflow of $117, 250. $31,000 and a credit of $148, 250 to the cash account for a net cash outflow of $117, 250