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Assignment Chapters 1, 2, and 3 Saved 7 Groro Company bills a client $57,000 for services provided and agrees to accept the following three items
Assignment Chapters 1, 2, and 3 Saved 7 Groro Company bills a client $57,000 for services provided and agrees to accept the following three items in full payment: (1) $24,000 cash, (2) $57,000 of equipment, and (3) $24,000 note payable owed on the equipment 2 points (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. eBook Required A Required B Required C References Analyze the transaction using the accounting equation. Assets + Liabilities Note Payable Equity Services Revenue Cash Equipment + + Recured Required B > #/activity/question-group/KEZASEBKEPO Assignment Chapters 1, 2 and 3 0 Saved 7 Groro Company bills a client $57,000 for services provided and agrees to accept the following three items in full payment: (1) $24,000 cash, (2) $57,000 of equipment, and (3) $24,000 note payable owed on the equipment 2. polnts (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. e Book References Required A Required B Required C Record the transaction in journal entry form. View transaction list Journal entry worksheet > Record the providing of services to a client. Note: Enter debits before credits. Debit Credit General Journal Date May 15 View general journal Record entry Clear entry MC Graw 7 Groro Company bills a client $57,000 for services provided and agrees to accept the following three items in full payment: (1) $24,000 cash, (2) $57,000 of equipment, and (3) $24,000 note payable owed on the equipment 2 points (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. eBook References Required A Required B Required c Post the entry using T-accounts to represent ledger accounts. Cash 101 Note Payable 245 Equipment 167 Services Revenue 403
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