A company uses accrual accounting. It makes a sale and half of the money is received immediately (when the goods are collected by the customer), the rest being due 60 days later. At the time the goods are collected how should the company record as sales?

a. No entries are recorded until the full payment has been received.

b.Debit receivables (half sale value) (balance sheet), Debit cash (half sale value) (balance sheet), Credit revenue (full sale value) (income statement)

c.Debit cash (half sale value) (balance sheet), Credit revenue (half sale value) (income statement)

d.Debit receivables (half sale value) (balance sheet), Debit cash (half sale value) (balance sheet), Credit revenue (half sale value) (income statement), Credit deferred revenue (half sale value) (balance sheet)