Groro Co. bills a client $52,000 for services provided and agrees to accept the following...

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Accounting

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Groro Co. bills a client $52,000 for services provided and agrees to accept the following three items in full payment:() $27000 cash, (2) equipment worth $62,000, and (B) to assume responsibility for a $37000 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. Analyze the transaction using the accounting equation Required B > Journal entry worksheet Record the providing of services to a client Note: Enter debits before credits. bit May 15 Clear entry

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