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tion 12 4 points SaveAnswer On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from John Deere.
tion 12 4 points SaveAnswer On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from John Deere. The contract required Green Valley Farm opay $150,000 in advance on November 1, 2021. The harvester (cost of $110,000) was delivered on November 30, 2021. The journal entry to record the delivery of the equipment on November 30, 2021 includes a: OA debit to Inventory for $110,000. OB. debit to Unearned Sales Revenue for $150,000. Oc credit to Cost of Goods Sold for $110,000, OD. credit to Unearned Sales Revenue for $150,000.
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