$22$ of us in this class are planning to purchase Tesla's Model $x($one car per person please$).$ The total price

of each Tesla Model $x$ is $$70,000.$ Tesla requires a deposit of $$10,000$ for each vehicle. On April $6,$ we all

transfer our $$10,000$ per person and Tesla receives the amount the same day. Record the summary

journal entry that Tesla records for the receipt of the cash.

Since now Tesla is working $24/7,$ and exceeding delivery targets $($wishful thinking$),$ two students receive

their cars on April $8.$ Assume the remaining balance is paid upon delivery for simplicity. Record the

summary journal entry to show the recognition of revenue and receipt of the remaining cash by

Tesla.

On April $12,$ six cars are delivered to six more students. Assume the remaining balance is paid upon

delivery for simplicity. Record the summary journal entry to show the recognition of revenue and

receipt of the remaining cash by Tesla.

As of April $13,$ what liability still exists for unearned sales with regard to the above transactions?

Hint: Prepare a T$-$Account. Check figure $=$$$140,000$