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On August 22, 2021, Sheridan Manufacturing sold on account one of its Model S14 bulldozers including a 5-year service contract for 215,000. The stand-alone price

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On August 22, 2021, Sheridan Manufacturing sold on account one of its Model S14 bulldozers including a 5-year service contract for 215,000. The stand-alone price of the equipment is $ 175,000 and the service contract sells separately between $ 40,000 and $ 82.000 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 O for the amounts.) Date Account Titles and Explanation Debit Credit August 22/21 Accounts Receivable 215000 Sales Revenue Whenu. Reve

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