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Andru [333]
4 years ago
14

Groro Co. bills a client $62,000 for services provided and agrees to accept the following three items in full payment: (1) $10,0

00 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.
Business
1 answer:
Neko [114]4 years ago
5 0

Answer:

Answer in Attachment

Explanation:

Download xlsx
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