On nov 1 hula sold a piece of equipment, inclusive of the installation to Chorus inc. for 900,000. Installation is estimated to be 100,000 and the equipment has a fair value of 900,000 and a cost of 700,000. On nov 1 it was agreed that the equipment would be delivered to chorus on dec 1 and the installation would be completed on Jan 15 2021. Chorus agrees to pay the entire balance on nov 1. use the five step process.

What are the journal entries for nov 1 dec 1 and Jan 15?