Groro Company bills a client $$55,000$ for services provided and agrees to accept the following three items in full payment:

$(1)$ $$30,000$ cash,

$(2)$ $$52,000$ of equipr $t,$ and

$(3)$ $$27,000$ note payable owed on the equipment.

$($a$)$ Analyze the transa on 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.

$\backslash$table$[[$Assets$,=,$Liabilities,$+,$Equity,$],[$Cash$,,$Equipment,,Note Payable,,Services Revenue$],[,+,,,+,,]]$