On June 1, 2020, Lone Star Farm entered into a contract to purchase a $175,000 tractor from Zimmerman Farm Equipment. The contract required Lone Star Farm to pay $175,000 in advance on the contract date of June 1, 2020. The tractor (cost of $140,000) was delivered on July 5, 2020. The journal entry to record the delivery of the equipment includes a

Group of answer choices

debit to Inventory for $140,000.

debit to Unearned Sales Revenue for $175,000.

credit to Unearned Sales Revenue for $175,000.

credit to Cost of Goods Sold for $140,000.