Question
On November 1, 2014, Green Valley Farm entered into a contract to buy a $75,000 harvester from John Deere. The contract required Green Valley Farm
On November 1, 2014, Green Valley Farm entered into a contract to buy a $75,000 harvester from John Deere. The contract required Green Valley Farm to pay $75,000 in advance on November 1, 2014. The harvester (cost of $55,000) was delivered on November 30, 2014. The journal entry to record the contract on November 1, 2014 includes a
| credit to Accounts Receivable for $75,000. | ||
| credit to Sales Revenue for $75,000. | ||
| credit to Unearned Sales Revenue for $75,000. | ||
| debit to Unearned Sales Revenue for $75,000. |
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Patient Centered Audit
Authors: Kruse
1st Edition
0875272479, 978-0875272474
