Sooner Farm sells high quality horses to cattle ranches in the Oklahoma, Texas region. Horse sales come with no warranties or right of refund. And December 20th, Sooner Farms received and approved purchase order from J&J Cattle for to engineering courses. That will work for hoarding. These Dang stubborn cattle, each at a price of 5000, to be delivered together at the same time. No specific individual horses are requested from the herd. J&J Cattle promises payment within 30 days of delivery sooner. FARMS has a policy that provides a 10% discount if payment is made within 15 days of delivery no customers have ever earned that early payment discount. On January 1 Sooner Farms delivers the ten horses to J Cattle. on January 20th. J Cattle pays the invoice. How performance obligations exist in the contract? What is the transaction price? The journal entry does Sooner Farms make on January 20th. What journal entry there sooner firms make on January 1st. 

what journal entry does Sooner Farms make on January 20th