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Sarah builds custom furniture and signs a contract with Joe's Bagels to build chairs for all of the Joe's Bagels stores. Sarah requires a deposit

Sarah builds custom furniture and signs a contract with Joe's Bagels to build chairs for all of the Joe's Bagels stores. Sarah requires a deposit of

$10,000

before she builds all of the chairs. The total price for all of the chairs is

$120,000

. The down payment is made on February 1 and the chairs are finished and delivered on July 28. Joe's Bagels pays the remaining

$110,000

on July 28 . How should Sarah record the sale of the chairs on July 28?\ \\\\table[[Cash,

$110,000

,],[Sales revenue,,],[,,],[Cash,

$110,000

,],[Sales revenue,

$120,000

,]]\ Cash

,$110,000

\ Unearned revenue

$10,000

\ Sales revenue

$120,000

\ Unearned revenue

$120,000

\ Sales revenue\

$120,000
image text in transcribed
Sarah builds custom furniture and signs a contract with Joe's Bagels to build chairs for all of the Joe's Bagels stores. Sarah requires a deposit of $10,000 before she builds all of the chairs. The total price for all of the chairs is $120,000. The down payment is made on February 1 and the chairs are finished and delivered on July 28. Joe's Bagels pays the remaining $110,000 on July 28 . How should Sarah record the sale of the chairs on July 28 ? Cash $110,000 Sales revenue $110,000 Cash $120,000 Sales revenue $120,000 Cash $110,000 Unearned revenue $10,000 Sales revenue $120,000 Unearned revenue $120,000 Sales revenue $120,000

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