On November 1, 2021, Wildhorse Farm entered into a contract to buy a $159000 harvester from John Deere. The contract required Wildhorse Farm to pay $159000 in advance on November 1, 2021. The harvester (cost of $119000) was delivered on November 30, 2021. The journal entry to record the delivery of the equipment includes a: a. debit to Unearned Sales Revenue for $159000.
b. credit to Unearned Sales Revenue for $159000.
c. debit to Inventory for $119000.
d. credit to Cost of Goods Sold for $119000.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: