Kelton University, a public university with a June 30 fiscal year end, records payments on behalf of students for the upcoming fall semester for housing in the amount of $500,000. What journal entry would be recorded with the receipt of these payments? Debit Cash $500,000; Credit Auxiliary Revenue--Housing $500,000 Debit Cash $500,000; Credit Unearned Auxiliary Revenue--Housing $500,000. Debit Auxiliary Revenue Receivable $500,000; Credit Auxiliary Revenue--Housing $500,000. O Debit Cash $500,000; Credit Deferred Auxiliary Revenue--Housing $500,000