ts eBook Print eferences Groro Company bills a client $59,000 for services provided and agrees to accept the following three items in full payment: (1) $24,000 cash, (2) $73,000 of equipment, and (3) $38,000 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. Cash Assets + Equipment E Liabilities Note Payable 64 Required I + + Equity Services Revenue Required B >

Groro Company bills a client $59,000 for services provided and agrees to accept the following three items in full payment: (7) $24,000 cash, (2) $73,000 of equipment, and (3) $38,000 note payable owed on the equipment. (a) Analyze the transaction using the accounting equation. (b) Record the transaction in joumal entry form. (c) Post the entry using T-accounts to represent ledger accounts. Complete this question by entering your answers in the tabs below. Analyze the transaction using the accounting equation