Yukon territorial government entered into an agreement with HEMI to open a warehouse in Whitehorse. The agreement required the Yukon territorial government to prepay $10,000,000 for future equipment purchases and to buy all of its equipment from HEMI over the next 5 years. The government also agreed to only use $9,000,000 of the prepayment (i.e., give HEMI a breakage if equipment issupplied from the Whitehorse warehouse). In 2019, HEMI supplied $1,800,000 of equipment from its Whitehorse warehouse. The Unearned Revenues general ledger account is at a balance of $8,200,000 ($10,000,000 less $1,800,000). No adjustment has been made for the breakage. Accountant has computed the breakage revenue at $200,000 that HEMI can recognize for the year-ended December 31, 2019. Provide an adjusting journal entry to recognize the breakage revenue.

e OFF O Draw 1. Case Study References Tell me Design Layout Share i (Bo... V 11 ' Uvab x, x A2 A V Paragraph Styles Dictate 2 2 8 10 11 12 13 14 15 16 17 Heavy Equipment and Machinery Inc. (HEMI) Current and long-term Liabilities 1. Yukon territorial government entered into an agreement with HEMI to open a warehouse in Whitehorse. The agreement required the Yukon territorial government to prepay $10,000,000 for future equipment purchases and to buy all of its equipment from HEMI over the next 5 years. The government also agreed to only use $9,000,000 of the prepayment (i.e., give HEMI a "breakage" if equipment is supplied from the Whitehorse warehouse). In 2019, HEMI supplied $1,800,000 of equipment from its Whitehorse warehouse. The Unearned Revenues general ledger account is at a balance of $8,200,000 ($10,000,000 less $2,800,000). No adjustment has been made for the "breakage". Accountant has computed the treakage" revenue at $200,000 that HEMI can recognize for the year-ended December 31, 2019. Provide an adjusting journal entry to recognize the breakage revenue