8. On May 16, 20x3, Corp. A receives $60,000 advance payment for services that it will perform over a six month period beginning on August 1, 20x3. Assume that Corp. A uses a calendar year for accounting purposes and that it records the receipt using the balance sheet approach. To record the event, Corp. A should ... A Debit Deferred Revenue for $60,000 B Credit Revenue for $60,000 C Credit Deferred Revenue for $60,000 D Debit Revenue for $60,000 E None of the above