7 Groro Company bills a client $55,000 for services provided and agrees to accept the following three items in full payment (1) $12,000 cash, (2) $80,000 of equipment, and (3) $37,000 note payable owed on the equipment. (a) Analyze the transaction using the accounting equation. (b) Record the transaction in Journal entry form. (c) Post the entry using T-accounts to represent ledger accounts. Complete this question by entering your answers in the tabs below. Required A Required B Required C Analyze the transaction using the accounting equation. Cash Assets 30,000 + Equipment +52.0 52,000 Liabilities Note Payable + 27,000 +

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Groro Company bilis a chent $55,000 for senvices provided and agrees to accept the following three ieens an full payment: (0) 512.000 cash (2) 580,000 of equipenent, and (3) $37000 note pdyable owed on the equipment (o) Analyce the transacvon using the accounting equabon (b) Fecord the transoction in journat entry form (c) fost the entry ising Tabcounts to represent ledger accounts Complete this question by estering vour answors in the tabs below. Analyze the bansaction uning the scceuinting equation. Groro compony bokt a cllent 555,000 for servocs provided and agrees to accept the follownig three ltems in full pilyment in 512,000 Cash, (2) $30,000 of equipment and (3) $37000 nate payatile owed on the equlpment (o) Ariayze the transacbon using the accounting equabon (b) Aecord the transaction in journal enty form. (c) Post the eritry using Taccounts to reprecent ledger accousts: Compiete this question by eatering your answers in the tabs below: Fecord the transaction in journal entry forr. Grore Company bill a chent 555,000 for seivices provided and ogrees to accept the following thiee items in tull payment (1) 512000 cash, (2) 580,000 otequpment, and (3) $37,000 note payable owed on the equlpment (a) Analyze the transaction using the accounting equation (b) Record the transaction in journal entry form (c) Post the entry using Ttaccounts to fepresent ledger accounts. Complate this question by entering your answers in the tabs below. Post the entry using T-accounts to repersent ledger accounts