Hi i got this question wrong on my midterm can you please show me step by step how to get the correct answer.

Question 1 (6 Marks, 8 minutes) In each of the situations below, and with explicit reference to the definition s of assets and liabilities in the IFRS Conceptual Framework, briefly explain why each issue might lead to an asset, liability, expense or income item being recorded in the books of Pizza Packaging Ltd. at the financial year end September 30th,2023. Note: providing a journal entry alone will receive few marks in this part. 1. Pizza Packaging Ltd. sold goods FOB Shipping point to Zhang Electronics on September 29th for $20,000, receiving payment in full by cheque on September 30th. The goods were shipped October 3rd. 2. Pizza Packaging Ltd. signed a two-year, 11% promissory note with MOB Bank on September 30th, receiving $300,000 in cash on October 4 th. 1. assets, inventory - account for product sold) liability, unearned rev - account for sales to be provided in the future revenue, sales - account for rev added - account for sold product