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In December 2025, GolfLink sold a $3,000 golf membership to Cam Truse for the calendar year 2026, and a $1,200 golf membership to Kid Nicoleman,
In December 2025, GolfLink sold a $3,000 golf membership to Cam Truse for the calendar year 2026, and a $1,200 golf membership to Kid Nicoleman, for the four prime summer months of May-August 2026. GolfLink does not maintain a customer loyalty program. The members must use their golf membership only during the specified months. What is GolfLink's journal entry to record the receipt of cash in December 2025? Dr. Deferred revenue $4,200 Cr. Cash $4,200 Dr. Cash $4,200 Cr. Deferred revenue $4,200 Dr. Cash $4,200 Cr. Golf membership revenue $4,200 Dr. Deferred revenue $4,200 Cr. Golf membership revenue $4,200
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