Question: Strono Ex 1 0 Saved Help Save & Exit Submit Groro Co bills a client $62,000 for services provided and agrees to accept the following

Strono Ex 1 0 Saved Help Save & Exit Submit 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) equipment worth $80,000, and (3) to assume responsibility for a $28,000 note payable related to the equipment. (a) Analyze the transaction using the accounting equation (b) Prepare general journal entries for the above transactions (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. Assets Liabilities + Equity Cash Equipment Note Payable Revenue Fitne Required B >

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