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Groro Company bills a client $57,000 for services provided and agrees to accept the following three items in full payment (1) $15,000 cash. (2)
Groro Company bills a client $57,000 for services provided and agrees to accept the following three items in full payment (1) $15,000 cash. (2) $63.000 of equipment, and (3) $21,000 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. Assets Cash Equipment Liabilities Note Payable Equity Services Revenue Required A Required B >
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