Alyssa signed up and paid $1,200 for a 6-month cooking course on July 1 st with Ayers Cullowhee Gourmet. As of November 1 st Ayers' accounting records would indicate: $400 of revenue, $800 of deferred revenue $1,200 of revenue, $1,200 of cash $400 of revenue, $800 of accounts receivable $800 of revenue, 5400 of deferred revenue