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On November 1, 2018, Ivanhoe Farm entered into a contract to buy a $152000 harvester from John Deere. The contract required Ivanhoe Farm to pay

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On November 1, 2018, Ivanhoe Farm entered into a contract to buy a $152000 harvester from John Deere. The contract required Ivanhoe Farm to pay $152000 in advance on November 1,2018 . The harvester (cost of $112000 ) was delivered on November 30,2018 . The journal entry to record the contract on November 1,2018 includes a credit to Unearned Sales Revenue for $152000. credit to Sales Revenue for $152000. credit to Accounts Receivable for $152000. debit to Unearned Sales Revenue for $152000

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