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14-03-2024
Business

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For the conveyor constructed by Braxton Technologies Ltd for A&G Warehousers, which was completed and ready for use on January 1, 2024, and paid for with a $100,000 four-year note, how would the transaction be recorded on Braxton's books on January 1, 2024?

A) Debit Cash $100,000; Credit Construction Revenue $100,000.
B) Debit Notes Receivable $100,000; Credit Construction Revenue $100,000.
C) Debit Accounts Receivable $100,000; Credit Construction Revenue $100,000.
D) Debit Cash $100,000; Credit Notes Receivable $100,000.

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