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Question 6 On November 1, 2018, Crane Farm entered into a contract to buy a $161000 harvester from John Deere. The contract required Crane Farm
Question 6 On November 1, 2018, Crane Farm entered into a contract to buy a $161000 harvester from John Deere. The contract required Crane Farm to pay $161000 in advance on November 1, 2018. The harvester (cost of $121000) was delivered on November 30, 2018. The journal entry to record the contract on November 1, 2018 includes a O credit to Unearned Sales Revenue for $161000. credit to Sales Revenue for $161000. debit to Unearned Sales Revenue for $161000. O credit to Accounts Receivable for $161000
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