Question: m Help Save & Exit Subr Groro Co. bills a client $62,000 for services provided and agrees to accept the following three items in full

 m Help Save & Exit Subr Groro Co. bills a client

m Help Save & Exit Subr Groro 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) to assume responsibility for a $28,000 note payable related to the computer equipment The entry Groro makes to record this transaction includes which one or more of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) $28,000 increase in a liability account $10,000 increase in the cash account $10,000 increase in a revenue account 2$62,000 increase in an asset account $62,000 increase in a revenue account KPrev2 of 9 l Next >

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