financial accounting question bit of a deadline

Question 11 (8 points) Hula Inc is an equipment manufacturer. All equipment prices are quoted to customers on the basis that include the price of both the selling price of the equipment and the installation That said, the equipment and installation are considered to be separate performance obligations. On November 1st, 2020, Hula Inc sold a piece of equipment, inclusive of the installation to Chorus Inc for $900,000. The installation is estimated to have a fair value of $100,000, and the equipment has a fair value of $900,000 and a cost of $700,000. On November 1st, 2020, it was agreed that the equipment would be delivered to Chorus on December 1st, 2020 and the installation would be completed on January 15th, 2021. Chorus agreed to pay the entire balance on December 1st, 2020. In the space provided below, provide the journal entries. required on November 1st, December 1 st, and January 15th If no entry is required, type "no entry" 18 21 24