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ACCOUNTING 121 Suppose your company sells services of $240 in exchange for $165 cash and $75 on account.

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January 10th, 2018

Suppose your company sells services of $240 in exchange for $165 cash and $75 on account. Depreciation of $95 relating to equipment is also recordedRecord the service revenue of $165 for cash and $75 on account.Record the depreciation expense of $95.

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