Question $7$

$1$ pts

All My Favorite Colors Inc. sells made$-$to$-$order crayons. The company requires customers to pay in full at the time an order is placed. The company considers its obligation to a customer who placed an order to be complete when a shipping company $($such as UPS or FedEx$)$ reports that it delivered the order to the customer. On February $1,2024,$ QAT Corp placed an order for $$100$ of plum$-$purple crayons. What journal entry did All My Favorite Colors Inc. record at the time QAT Corp placed its order?

$$ Debit unearned revenue, $$100$; Credit accounts receivable, $$100$

Debit revenue, $$100$; Credit cash, $$100$

Debit cash, $$100$; Credit unearned revenue, $$100$

Debit cash, $$100$; Credit accounts receivable, $$100$