Goro Co. bills a client ($62,000) for services provided and agrees to accept the following three items
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Goro 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) computer equipment worth \($80,000\), and (3) assume responsibility for a \($28,000\) note payable related to the computer equipment. What journal entry should Goro make to record this transaction?
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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