Baldwin Company purchased equipment for $420,000 and planned to use it when the company expanded one of its product lines. However, six months later, the company changed its plans and sold the equipment to Stick, Inc. for $420,000. Stick signed a note for $420,000 that is due in 60 days. The journal entry prepared by Baldwin Company to record the sale of the equipment would include which of the following?
A. Credit to Note Receivable
B. Debit to Cash
C. Debit to Accounts Payable
D. Credit to Equipment
Answer: D
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A. smoothing strategies B. benchmarking trends C. barriers to entry D. technological advances E. buffering strategies
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What can organizations use in their computer systems that allow the system to continue to process database transactions after a hard drive failure?
A. UPS B. backup C. RAID D. surge suppressor