Arlington Company sold equipment for $35,000 cash. The equipment had an original cost of $90,000...
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Accounting
Arlington Company sold equipment for $35,000 cash. The equipment had an original cost of $90,000 and accumulated depreciation of $35,000 as of the date of sale. Which of the following would not be included in the entry to record the sale? (Hint: a journal entry will help you answer the question) O Equipment, credit $55,000 O Loss on Sale of Equipment, debit $20,000 O Cash, debit $35,000 O Accumulated Depreciation, debit $35,000
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