On August 22, 2021, Pharoah Manufacturing sold on account one of its Model S14 bulldozers including a 5-year service contract for $227,000. The stand-alone price of the equipment is $186,000 and the service contract sells separately between $41,000 and $84,000.

Prepare the appropriate journal entry for the transaction. Ignore cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

August 22/21

Question 3 of 10 7.78/10 E Show Attempt History Current Attempt In Progress Your answer is partially correct On August 22, 2021. Pharoah Manufacturing sold on account one of its Model S14 bulldozers including a 5-year service contract for $227,000. The stand-alone price of the equipment is $186,000 and the service contract sells separately between $41,000 and $84,000 Prepare the appropriate journal entry for the transaction. Ignore cost of goods sold entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit August 22/21 Accounts Receivable 227000 Sales Revenue 169907 Unearned Revenue 57093 eTextbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit