20. On July 1, 2021, Legit Incorporated enters into a contract to sell a machine with a cost of $722,000 to a customer. The contract requires the buyer to pay $965,000 in advance on July 1, 2021, and requires Legit Incorporated to deliver the machine on September 30, 2021.

Which of the following would be included in Legit Incorporateds journal entry to record the July 1, 2021 transaction?

a credit of $965,000 to Sales Revenue

a credit of $722,000 to Unearned Sales Revenue

a credit of $965,000 to Unearned Sales Revenue

a credit of $722,000 to Sales Revenue