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Question 5

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The following entry appears in Martin Supply's general journal on March 10,2018:
[The following information applies to the questions displayed below.] The following entry appears in Martin Supply's general journal on March 10,2018:    -This transaction involves: A) Martin's collection of $30,000 on an account receivable. B) Payment of $21,000 cash by Martin. C) A $21,000 overall increase in Martin's assets. D) Sale of equipment by Martin for $51,000.
-This transaction involves:


A) Martin's collection of $30,000 on an account receivable.
B) Payment of $21,000 cash by Martin.
C) A $21,000 overall increase in Martin's assets.
D) Sale of equipment by Martin for $51,000.

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