An entertainment company has received an advance payment of $500 in December from a customer for services worth $300 to be performed in January and $200 to be performed in February. The general ledger account effects are:

Group of answer choices

A:Cash is debited for $500, Revenue is credited for $300 and Unearned Revenue is credited for $200

B:Cash is debited for $500 and Unearned Revenue is credited for $500

C:Cash is debited for $500, Revenue is credited for $200 and Unearned Revenue is credited for $300

D:Cash is debited for $500 and Revenue is credited for $500