Land, originally purchased for $20,00, is sold for $75,00 in cash. What is the effect of the sale on the accounting equation?

Land, originally purchased for $20,00, is sold for $75,00 in cash. What is the effect of the sale on the accounting equation?

.button {
background-color: #4CAF50;
border: none;
color: white;
padding: 10px 20px;
text-align: center;
text-decoration: none;
display: inline-block;
font-size: 16px;
margin: 4px 2px;
cursor: pointer;
border-radius: 10px;
}
.awasam-alert {
color: red;
}

 

“Are you looking for this answer? We can Help click Order Now”

---

 

“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

The post Land, originally purchased for ,00, is sold for ,00 in cash. What is the effect of the sale on the accounting equation? first appeared on nursing writers.