On Oct 31st, Multitool Inc. receives a purchase order for the 45 tools, 6 months of service, and 30 pounds of grease. The customer paid in cash. The tools were delivered on the same day, and the grease one week later. The service agreement began November 1st. The retail prices for the items are as follows: Tools $16/ piece Service $20 /month Grease $4/1b. Provide the transactional journal entries associated with this sale for Mochi Corp on the date of the transaction. How much sales revenue does Multitool recognize on Oct 31st? 740 How much deferred revenue does Multitool recognize on Oct 3137 220 once every quarter? How much Service revenue does Multitool recognize on Dec 31st, assuming that Multitool prepares financial statements 40