Question: Co. bills a client $62.000 for services provided and agrees to accept the following three items in ful Analyzing effects of transactions on accounts $28,000
Co. bills a client $62.000 for services provided and agrees to accept the following three items in ful Analyzing effects of transactions on accounts $28,000 note payable related to the computer equipment A1 payment: ( D SO 000 eash, (2) computer equipment worth $80.00, and (3) to assume responsibility . The entry Groro makes to record this transaction includes which one or more of the following? a. $28,000 increase in a liability account b. $10,000 increase in the Cash account c. $10,000 increase in a revenue account d. $62,000 increase in an asset account e. $62,000 increase in a revenue account f. $62.000 increase in an equity account
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