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The Curl up & Dye Hair Salon has died. It must liquidate it's assets. It...

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Accounting

The Curl up & Dye Hair Salon has died. It must liquidate it's assets. It has a building it must sell that originally cost $150,000. As of the sale date, the accumulated depreciation account had a balance of $40,000. The Luna Sea Tanning Salon agrees to buy the building for $310,000 CASH!!!!! Produce the journal entry to record this transaction for Curl Up & Dye.

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