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Groro Co bills a client $54,000 for services provided and agrees to accept the following three items in full payment (1) $11,000 cash, (2) equipment

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Groro Co bills a client $54,000 for services provided and agrees to accept the following three items in full payment (1) $11,000 cash, (2) equipment worth $77,000, and (3) to assume responsibility for a $34,000 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 Required B Required Post the entry using Taccounts to represent ledger accounts Cash 01 Note Payable 245 Revue 404

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