Harper Inc. bills Just Co. $50,000 for services provided and arranges to receive: (1) $20,000 cash (2) $70,000 of equipment As part of this agreement, Harper is also issuing a note payable of $40,000 for the excess owed for the equipment. Requirements: 1. Analyze the transaction using the accounting equation. 2. Record the transaction using the accounting equation. 3. Post the entry using T-accounts to represent ledger accounts