value 100 points MC Qu.183 Your company owned equipment with.. Your company owne

Question

value 100 points MC Qu.183 Your company owned equipment with.. Your company owned equipment with a book value of $126,500 that was sold during this accounting penod for $31.700 in cash, and purchased new equipment for cash of $148. debit of 600. Your company would record a O $31700 and a credit of $148.600 to the cash account for a net cash outfiow of $116,900 O $94800 and a credit of $148600 to the cosh account for a net cash outfow of $53,800 O $148,600 and a credit of $31,700 to the cash account for a net cash inflow of $116,900 $148,600 and a credit of $94.800 to the cash account for a net cash Inflow of S References Mutiple Choice MC Qu.183 Your company owned equipment

Explanation / Answer

Debit of 31700 and credit of $148600 to the cash account for a net cash outflow of $116900 Option 1 is correct

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