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Thepotemich [5.8K]
3 years ago
5

On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from JohnDeere. The contract required

Green Valley Farm to pay $150,000 in advance on November 1, 2021. Theharvester (cost of $110,000) was delivered on November 30, 2021. The journal entry to record thecontract on November 1, 2021 includes a
Business
1 answer:
Sati [7]3 years ago
6 0

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

Cash Dr,                                       $150,000

    To Unearned sales revenue              $150,000

(Being receipt of cash in advance is recorded)

Therefore to record the inflow funds we debited cash and to record the liability/obligation to deliver such goods we credited unearned sales revenue.

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Short notes on Co-Work skill?​
sammy [17]

Answer:

Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

6 0
2 years ago
Even though the procedure called for you to do so, organic chemists typically do not weigh sodium sulfate when it is used for th
bogdanovich [222]

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a) Why is it NOT necessary to weigh accurately the sodium sulfate?

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3 years ago
Gavin is a salesperson for an advertising company. He sells ads to customers directly.
wariber [46]

Answer:

Personal selling.

Explanation:

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Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.

6 0
3 years ago
The price of wheatwould be â$nothingper bushelif there was no price support. In order to maintain the priceâ support, the govern
horrorfan [7]

Answer:

$5, 200 bushels of wheat

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From the diagram the price support was at $6 per bushel, however if the government removes the price support or if there was no price support, then the price of the wheat will be $5 for a bushel. And in order to maintain the price support, from the diagram below, it is expected that the government would have to purchase 200 bushels of wheat.

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3 years ago
What is the acronym for the rainbow
emmasim [6.3K]

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roygbiv

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roygbiv

4 0
1 year ago
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