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Groro Co. bilis a client $62,000 for services provided and agrees to accept the following three items in full payment: (1) $10,000 cash, (2) equipment

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Groro Co. bilis a client $62,000 for services provided and agrees to accept the following three items in full payment: (1) $10,000 cash, (2) equipment worth $80,000, and (3) to assume responsibility for a $28,000 note payable related to the equipment (a) Analyze the transaction using the accounting equation (6) 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 Analyze the transaction using the accounting equation. es Assets Liabilities Note Payable Equity Revenue Cash Equipment Required B Groro Co bilis a client $62.000 for services provided and agrees to accept the following three items in full payment (1) $10,000 cash (2) equipment worth $80,000, and (3) to assume responsibility for a $28,000 note payable related to 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 Record the transaction in Journal entry form. View transaction fiat View journal entry worksheet NO Date General Journal May 15 No Transaction Recorded Debit Credit 1 Groro Co. Bills a client $62.000 for services provided and agrees to accept the following three items in full payment (1) $10,000 cash, (2) equipment worth $80,000, and (3) to assume responsibility for a $28,000 note payable related to 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 Post the entry using T-accounts to represent ledger accounts. Cash 101 Note Payable 245 Equipment 167 Revenue 404

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