Mary signed up and paid $960 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s accounting records would indicate:
A. $320 of revenue, $640 of accounts receivable
B.$320 of revenue, $640 of deferred revenue
C. $960 of revenue, $960 of cash
D. $640 of revenue, $320 of accounts receivable
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Mary signed up and paid $960 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of...
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