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Business, 07.12.2021 03:30 Rawr5801

The Austin Land Company sold land for $59,310 in cash. The land was originally purchased for $34,640. At the time of the sale, $13,120 was still owed to Regions Bank. After the sale, The Austin Land Company paid off the loan. Explain the effect of the sale and the payoff of the loan on the accounting equation. Enter all dollar amounts as positive numbers. (College)

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The Austin Land Company sold land for $59,310 in cash. The land was originally purchased for $34,640...
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