Explain how do you journalize this

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Reference no: EM13125825

Oct. 17 Sold office equipment in exchange for $96,000 cash plus receipt of a $64,000, 90-day, 6% note. The equipment had a cost of $224,000 and accumulated depreciation of $44,800 as of October 17.

How do you journalize this?

Reference no: EM13125825

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