The following transaction took place for XYZ Corporation: 
Required
(a)Record the journal entries required by these events.
(b)Briefly describe the significance of November 20.
Definitions:
Technological Change
The introduction of new technologies or the improvement of existing ones, which can significantly impact productivity, efficiency, and value creation in various sectors.
Minimum Efficient Scale
The smallest level of production at which long-term average total costs are minimized, allowing a firm to compete effectively in the market.
Parity Ratio
The ratio of the price received by farmers from the sale of an agricultural commodity to the prices of other goods paid by them; usually expressed as a percentage; used as a rationale for price supports.
Price Supports
Government interventions in the market to maintain the price of a commodity at a certain level.
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